John Kerry, U.S. Special Envoy for Climate speaks as he attends the opening of the American Pavilion in the COP27 climate summit in Egypt's Red Sea resort of Sharm el-Sheikh, Egypt November 8, 2022. REUTERS/Mohammed SalemShould also not see credit rating of institutions slipSHARM EL-SHEIKH, Egypt - Nov 15 - U.S.
"There's no reason why not. We're the largest shareholders, we need to call the meetings, put out the policy and make it happen," he said at a side event at COP27. Kerry said if the World Bank and regional development banks could increase their lending by the hundreds of billions of dollars, it could leverage trillions in capital from the private sector and other sources.
As the delivery of billions of dollars pledged by rich countries to assist countries to adapt to and combat climate change falters, the United States, Germany and other major economies have joined some middle-income countries like Barbados in calling for a “fundamental” overhaul of the World Bank and other international financial institutions.
'...reform the multilateral development banks system...'
He should meet up with elonmusk BillGates JeffBezos , and others