UK joins calls for World Bank reform to focus funding on climate crisis

Alok Sharma attends the IMF and World Bank annual meetings. Photograph: Drew Angerer/Getty Images

The UK has joined calls for sweeping reforms to the World Bank, to focus much-needed funding on the climate crisis, saying that its current structures are not working.

The intervention from Alok Sharma, the current president of the UN climate talks, heaps further pressure on beleaguered World Bank chief, David Malpass. He has faced calls to resign over an apparently climate-dismissing stance, and the Bank’s perceived failures to deliver climate finance.