The World Bank Group is developing a new strategy focused on social equity and environmental sustainability. Under the leadership of Dr. Jim Yong Kim, the World Bank is working on a strategy that is focused on equitable and sustainable development including combating climate change and environmentally responsible investing.
The new strategy positions climate change as one of five cross-cutting themes.
The institution’s two new goals involve ending extreme poverty and promoting shared prosperity by fostering income growth for the poor through the sustainable use and management of natural resources.
With around 10,000 employees worldwide and a budget of more than $30 billion, the World Bank Group has the potential to augur major pro-social changes. However, to be successful the Bank will need to put the necessary human resources in place to review the climate impacts of their investments.
© 2013, Richard Matthews. All rights reserved.
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