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 doesn’t have to throw the World Bank off course in meeting its climate targets, the anti-poverty lender’s President Ajay Banga said.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo District“Let’s watch his actions,

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 World Bank said on Thursday the ongoing conflict between Israel and Hezbollah has caused $8.5 billion in damage and losses to Lebanon, with final figures expected to be significantly higher as the

The World Bank said on Thursday the ongoing conflict between Israel and Hezbollah has caused $8.5 billion in damage and losses to Lebanon, with final figures expected to be significantly higher as the conflict continues.

The World Bank has estimated that the war in Lebanon has so far caused economic losses of almost $5.1 billion for the country. In addition, the losses for property damage so far amount to around $3.4 billion,