World Bank May Fund Nuclear Energy

• End of the World Bank’s nuclear veto?
• Nuclear energy as a viable solution?
• Key decision meeting set for June

World Bank President Ajay Banga has hinted at a historic shift in the institution’s stance.

During a panel in Washington, the executive stated his intention to lift the current ban on financing nuclear energy projects.

The goal is to become a “constructive partner” in this technology.

While Banga clarified that this does not imply immediate multi-billion-dollar investments, it does signal a shift in the World Bank’s strategic approach.

World Bank may fund nuclear energy

? Ajay Banga, president of the World Bank, noted during a forum in Washington that the institution’s board of directors will address the issue in June. https://t.co/gdfzg98mgw pic.twitter.com/hfsimy5qua

— Ecuavisa Noticias (@EcuavisaInforma) April 23, 2025

The matter will be formally discussed in June during a board meeting.

The agenda will include discussions on nuclear, gas, and renewable energy tariffs, with the aim of supporting a global energy transition.

“Whatever the calculation, it will cost twice as much and take longer,” Banga warned during the spring meetings of the World Bank and the International Monetary Fund.

Nonetheless, he believes it is time to consider all options to ensure access to affordable energy worldwide.

WB collaborating with IAEA

Additionally, the World Bank president expressed openness to collaborate with the International Atomic Energy Agency (IAEA).

He even suggested the possibility of joint missions to extend the lifespan of existing nuclear power plants.

This initiative would be groundbreaking, as the World Bank has long maintained a strict policy against nuclear energy funding.

However, the current global context demands new strategies to meet the urgent need for a realistic and sustainable energy transition.

The international community will be closely watching the decision in June, as it could redefine the global energy landscape.

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With information from Agencia EFE.