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Proposing a revamped mission statement, the World Bank has sought an enhanced capital base to meet the needs of the climate challenge and pandemic combat measures and its mandate to eradicate poverty. A consultation paper released for shareholders has said that the World Bank Group (WBG) executive directors have recommended an enhanced formulation for the agency's mission – To end extreme poverty and boost shared prosperity by fostering sustainable, resilient, and inclusive development. The paper has said that while continuing to support efforts to achieve sustainable development goals, some global challenges are now more prominent - climate change, pandemics & health security, and fragility & conflict. The formulation is seen as a concern by the poorer nations as they fear that resources may be diverted towards green finance and will come at the cost of fighting poverty. Climate, conflict, and pandemics are estimated to need annual public and private spending of $2.4 trillion.