The World Bank’s five-year climate plan, which allocated up to 48% of its funding to climate-friendly projects, has been extended indefinitely. Despite initial prioritization by President Ajay Banga, the United States, as the bank’s largest shareholder, pushed for significant revisions. The Bank has announced an updated strategy, continuing the climate plan without specific funding goals. This means the institution will continue to support climate projects but will no longer be bound by pre-defined financial commitments. Critics suggest this move weakens the bank's commitment to addressing climate change, while proponents may see it as providing greater flexibility. The shift reflects ongoing debate about the role of development banks in global climate action.