07:09 PM EDT, 06/29/2026 (MT Newswires) -- The World Bank said it will remove its 45% quantitative target for climate co-benefits financing, stepping back from a key climate commitment following pressure from the Trump administration, Bloomberg reported Monday.

The bank said it will continue with its climate change action plan but retire the co-benefits target, which refers to funding aimed at advancing both climate action and development objectives simultaneously, according to the report.

The bank's independent evaluation group will now review the plan at the request of its board, Bloomberg said.