Climate policy threatens to take a back seat at the spring meeting of the World Bank and IMF (April 21 to 26). Donald Trump’s US tariffs could dominate the high-level meetings of ministers and World Bank officials. Yet the World Bank intends to and should expand its international climate financing. At the last climate conference (COP 29), the World Bank, along with other development banks, announced plans to expand its funding for climate action in poorer partner countries to USD 120 billion annually by 2030. The development banks are also to play a key role in mobilizing private investment for climate action and leveraging it with public funds.