World Bank Group President Ajay Banga speaks during an interview at the World Bank Headquarters October 17, 2024, in Washington, DC. The World Bank's climate policies are an example of "development done smart," and are unlikely to be scaled back regardless of who wins November's US presidential election, the head of the development lender told AFP. The World Bank recently committed to increasing its climate financing from 35 percent of total lending to 45 percent for the financial year ending June 30, 2025, with the money split between climate change adaptation and mitigation. The bank almost reached the 45 percent target last year, and is on track to beat it this year, World Bank president Ajay Banga said in an interview ahead of the IMF World Bank Annual Meetings in Washington next week. "But what's inside the 45 is very important," he said, calling climate change adaptation policies like building climate-resilient infrastructure "development done smart." (Photo by Brendan Smialowski / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)