The heads of the World Bank and International Monetary Fund on Tuesday said they would work with the incoming U.S. president, Republican Donald Trump, underscoring the importance of private sector funding for developing countries hit by climate change.

The election of Donald Trump as President of the United States won’t throw the World Bank off course in meeting its climate targets, the anti-poverty lender’s President Ajay Banga said.

World Bank President Ajay Banga believes Donald Trump's presidency will not affect the bank's climate goals. Banga wants to wait and see Trump's actions before speculating. He believes it is important to explain to businesses why climate action is beneficial.