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Remarks by World Bank Group President Ajay Banga at the Signing of a Partnership Agreement with IAEA Director General Rafael Grossi

· Ajay Banga, President of the World Bank Group (International)

Summary written by Dark Majestic in its own words · topics: development and emerging economies

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· Ajay Banga Wiki · World Bank Group WikiRemarks by World Bank Group President Ajay Banga at the Signing of a Partnership Agreement with IAEA Director General Rafael Grossi

ContextRemarks by World Bank Group President Ajay Banga at the Signing of a Partnership Agreement with IAEA Director General Rafael Grossi.

Why it mattersThe World Bank ends its decades-long avoidance of nuclear power financing through a partnership with the IAEA.

Problems raised
  1. Developing countries need much more electricity.
  2. The World Bank had not financed nuclear power since the 1960s.
  3. Nuclear needs strong safety and non-proliferation.
Solutions proposed
  1. Partner with the IAEA on nuclear advice.
  2. Extend the life of existing reactors.
  3. Accelerate small modular reactors.
Read full speech on worldbank.org ↗

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