US Treasury Urges World Bank to Lift Oil & Gas Funding Ban 2026 🌍 | Current Affairs MCQ Q7
Q7. In October 2026, the U.S. Department of the Treasury urged which multilateral financial institution to lift its restrictions on financing upstream oil and gas projects?
✅ Correct Answer: World Bank Group
In October 2026, U.S. Treasury Secretary Scott Bessent urged the World Bank Group to end its prohibition on financing upstream oil and gas projects. The proposal was part of broader calls for reforms to energy financing, critical-mineral investment and procurement policies.
The issue highlights the debate over energy security, development financing and the role of international financial institutions.
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