The World Bank has approved a new vision statement that acknowledges its mission to combat climate change and alleviate global poverty on a "livable planet." However, critics argue that the Bank's actions do not align with its commitments, as it continues to fund billions of dollars towards the fossil fuel industry. The new World Bank President, Ajay Banga, has suggested redirecting subsidies away from fossil fuels, but experts argue that this is not enough to keep global warming under 1.5 degrees Celsius. Activists are calling on the Bank to end fossil finance and address the issue of global debt.

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