International Herald Tribune

The World Bank and its partners need to do a far better job of considering the environmental effects of projects they finance in poor countries, its internal review group concludes in a new report.

“A new fund being developed by the World Bank would pay developing countries hundreds of millions of dollars for protecting and replanting tropical forests, which store huge amounts of carbon that causes climate change.”

“The west will fail to combat global warming unless it can convince deeply skeptical poor nations that the fight to reduce carbon emissions will not come at the expense of poverty reduction, the president of the World Bank, Robert Zoellick, said last night.”