Major World Bank reforms and financing boosts for climate crisis relief announced at Paris summit
- Global finance summit in Paris provides some relief for poorer countries struggling with debt crisis
- The World Bank will ease financing for countries hit by natural disasters.
- Janet Yellen suggests adding disaster clauses to debt agreements with poorer countries
- Multilateral development banks expected to unlock $200 billion in extra firepower
- Wealthy nations may have to inject more cash to support the increased lending capacity of development banks