World Bank's Banga seeks board approval for 'all of the above' energy strategy

By Andrea Shalal

WASHINGTON, April 16 (Reuters) - World Bank President Ajay Banga on Wednesday said he would seek approval from the bank's executive board in June for an "all of the above" energy strategy to guide lending policies to would include natural gas, nuclear power and alternative energy.

"We have a meeting with our board in June, and I want to discuss how to talk about the 'all of the above' strategy on energy, which is not renewable energy, but a transition plan for everyone," Banga told reporters.

He said the strategy would include natural gas, geothermal, hydroelectric, solar, wind and nuclear power, where it made sense, but a change in the bank's current approach required board approval and shareholder approval.