### World Bank and IAEA Forge Partnership for Safe Nuclear Energy in Developing Nations The World Bank and the International Atomic Energy Agency (IAEA) have entered into a significant agreement aimed at promoting the safe, secure, and responsible use of nuclear energy in developing countries. This collaboration is designed to enhance the development and financing of nuclear power, particularly focusing on extending the operational lifespan of existing reactors. The initiative reflects a growing recognition of nuclear energy's potential role in addressing energy needs and climate change challenges in these regions, while ensuring safety and security standards are upheld. *This partnership underscores the importance of international cooperation in harnessing nuclear technology for sustainable development* [https://www.thestar.com.my/news/world/2025/06/26/world-bank-iaea-to-cooperate-on-nuclear-power-development-safety]. ### Structure of the Agreement and Its Implications 1. **Objective of the Partnership**: The primary goal is to support the safe development of nuclear power in developing countries, which includes financing and technical assistance for new projects and the maintenance of existing facilities [https://www.devdiscourse.com/article/headlines/3482469-new-nuclear-era-world-bank-and-iaea-partner-for-safe-development]. 2. **Focus on Safety and Security**: The agreement emphasizes the importance of adhering to safety protocols and security measures in nuclear energy projects, ensuring that the benefits of nuclear power do not come at the cost of public safety [https://www.bnnbloomberg.ca/business/international/2025/06/26/world-bank-iaea-to-co-operate-on-nuclear-power-development-safety]. 3. **Financing Mechanisms**: The World Bank will explore various financing options to support nuclear energy initiatives, which may include loans, grants, and partnerships with private sector entities [https://nairametrics.com/2025/06/26/world-bank-iaea-sign-agreement-to-drive-nuclear-energy-use-in-developing-countries]. 4. **Extension of Reactor Lifespans**: A significant aspect of the agreement is the focus on extending the operational life of existing nuclear reactors, which can help meet energy demands without the need for new construction [https://www.thisdaylive.com/2025/06/27/wbank-iaea-agree-to-support-safe-secure-responsible-use-of-nuclear-energy-in-developing-countries]. ### Supporting Evidence and Data - **Global Energy Needs**: As developing countries face increasing energy demands, nuclear power is seen as a viable option to provide a stable and low-carbon energy source. - **Safety Protocols**: The IAEA has established comprehensive safety standards that will guide the implementation of nuclear projects under this agreement, ensuring that safety is prioritized [https://www.usnews.com/news/world/articles/2025-06-26/world-bank-iaea-to-cooperate-on-nuclear-power-development-safety]. - **Investment Potential**: The World Bank's involvement is expected to attract additional investments into the nuclear sector, which is crucial for the development of infrastructure in these regions [https://thewhistler.ng/world-bank-atomic-energy-agency-sign-electricity-generation-pact-for-developing-countries]. ### Conclusion: A New Era for Nuclear Energy in Developing Countries In summary, the partnership between the World Bank and the IAEA marks a pivotal moment in the global approach to nuclear energy, particularly in developing nations. 1. **Strategic Collaboration**: This agreement represents a strategic collaboration aimed at leveraging nuclear energy for sustainable development. 2. **Commitment to Safety**: The focus on safety and security ensures that nuclear energy can be harnessed responsibly. 3. **Financial Support**: The World Bank's financial backing is crucial for the successful implementation of nuclear projects. 4. **Long-term Vision**: By extending the life of existing reactors, this initiative aims to provide a reliable energy source while minimizing environmental impacts. **Overall, this partnership is set to pave the way for a new era of nuclear energy that prioritizes safety, sustainability, and development in the world's most underserved regions** [https://aljazirahnews.com/wbank-atomic-energy-agency-sign-power-generation-pact-for-developing-countries].