Archive · 12 Jun 2025
World Bank Re-Enters Nuclear Energy Funding for Developing Nations
The World Bank, a global financial institution, is starting to fund nuclear energy projects again.
They are doing this to help countries that are still developing get more electricity, as the demand for power is growing quickly.
The bank will work with experts to ensure nuclear projects are safe and will help improve existing power plants.
They also want to explore using new types of smaller nuclear reactors.
This decision follows pressure from countries like the U.S., the World Bank's largest shareholder, to support dependable energy sources.
The World Bank is resuming financing for nuclear energy projects after decades.
The decision aims to help developing countries meet rising electricity demands.
The bank will work with the IAEA to advise on non-proliferation safeguards.
The World Bank will support extending the life of existing reactors and grid upgrades.
The bank is also exploring the potential of Small Modular Reactors.
- Who
- The World Bank, led by President Ajay Banga, is making this decision.
- What
- The World Bank is resuming financing for nuclear energy projects.
- When
- As of Wednesday, after decades of not funding the projects.
- Where
- In developing countries.
- Why
- To help meet increasing electricity demand in developing countries.
Support for Nuclear Energy
Gas and Fossil Fuels
Energy Sources
Support for Nuclear Energy
World Bank to invest in nuclear energy.
Gas and Fossil Fuels
Consideration on whether the bank should engage in upstream gas.
- Organization
- World Bank
- President
- Ajay Banga
- Focus
- Meeting growing electricity demands in developing countries
- Partners
- International Atomic Energy Agency (IAEA)
- Shareholder Support
- United States
- Change in Policy
- Re-entering the nuclear energy space