Biden to focus on World Bank reform, new funding

WASHINGTON, Sept 6 (Reuters): US President Joe Biden will focus on reforming the World Bank and urging other multilateral development banks to boost lending for climate change and infrastructure projects during the G20 leaders summit in India, the White House said on Tuesday.
"That's one of our main focuses heading into the G20: delivering on an agenda fundamentally reshaping and scaling up the multilateral development banks, especially the World Bank," White House National Security Adviser Jake Sullivan told reporters.
The Biden administration is pushing the World Bank, founded as World War Two drew to a close to alleviate poverty, as a counterpart to China's overseas lending.