COP29 negotiators welcomed as an early boost to the two-week summit a pledge by major development banks to lift funding to poor and middle-income countries struggling with global warming.

The election of Donald Trump as President of the United States won’t throw the World Bank off course in meeting its climate targets, the anti-poverty lender’s President Ajay Banga said.

World Bank President Ajay Banga believes Donald Trump's presidency will not affect the bank's climate goals. Banga wants to wait and see Trump's actions before speculating. He believes it is important to explain to businesses why climate action is beneficial.

The heads of the World Bank and International Monetary Fund on Tuesday said they would work with the incoming U.S. administration of Republican Donald Trump to continue to provide financing to developing countries hit by climate change.

The election of Donald Trump as President of the United States won’t throw the World Bank off course in meeting its climate targets, the anti-poverty lender’s President Ajay Banga said.