Yellen pushes for World Bank reform and climate action plan by April

US Treasury secretary Janet Yellen and allies in Germany are pushing for a “binding schedule for reform” of the World Bank as early as April, as the lender comes under sustained pressure for failing to adequately address climate change.

German development minister Svenja Schulze, who also acts as the country’s governor to the World Bank, held talks with Yellen on Monday, where they discussed the “fundamental reform” to ensure…