World Bank Vows Action on Climate Change Under New Chief

US Treasury Secretary Janet Yellen encouraged the incoming World Bank chief to unlock private funds for fighting climate change and global poverty.
Ajay Banga took over as the 14th president of the World Bank and called on staff to develop new strategies for the institution's mission.
Banga asked World Bank employees to prioritize development and climate change efforts in their work.
Banga aims to end poverty in an environmentally sustainable way with the help of World Bank staff.
Trillions of dollars are needed each year to address climate change, health issues, education gaps and other problems Banga wants the World Bank to tackle.