NEA delegation meeting with World Bank staff, May 2025
Following the recent announcement by the World Bank on its plans to resume funding nuclear energy projects, NEA Director-General William D. Magwood, IV, welcomed the chance to expand the NEA’s ongoing engagement with the bank.
“The World Bank plays an essential role in assuring that nuclear energy is accessible to all regions of the world,” he said. “We are actively supporting the bank’s efforts to rebuild their nuclear energy expertise.”
“The growing working relationship between our two institutions will be a key element in supporting all countries’ efforts to finance nuclear energy projects that can contribute to energy security and economic growth.”
The NEA is working with countries in the Global South and the World Bank on international development finance for nuclear energy projects. As such, both organisations have been following closely developments in specific sectors such as small modular reactors (SMRs), which the bank has highlighted as being an area of interest, along with the long-term operation of existing nuclear power plants.
An NEA delegation recently held in-depth discussions with senior experts of the World Bank on the current state of nuclear energy around the world and the common issues facing both NEA countries and countries in the Global South seeking to build new nuclear capacity.
