With a forthcoming change in administration, President Joe Biden is attempting to secure a global legacy with a multi-billion-dollar commitment to international aid and environmental conservation.

As Biden anticipates the incoming administration of Donald Trump and perhaps hopes to counterbalance it, he has pledged billions to the World Bank and conservation efforts to impact global poverty and environmental initiatives in the long run, as the Daily Mail reports.

At the G20 summit in Rio de Janeiro, Biden announced a $4 billion pledge to the World Bank's International Development Association, targeting the support toward "the world's poorest countries."

This initiative, as explained by Deputy National Security Advisor Jon Finer, is part of a larger request for $36 billion aimed at unlocking new lending capabilities at the World Bank.

President Biden Focuses on Climate Change and Poverty

Biden's commitment extends beyond financial assistance. His administration views these contributions as crucial to combating global challenges like climate change and poverty, believing in the bipartisan support of such initiatives.

The $4 billion, although pledged, is labeled a 'future budget request' by the administration. This means that the funds will be disbursed gradually and are intended to create long-term sustainability in these sectors.

This financial pledge was part of a broader commitment that included environmental initiatives, particularly a $50 million contribution to the Amazon Fund. This fund is dedicated to preserving the vast but vulnerable Amazon rainforest.

Biden’s Tour and Commitments in the Amazon

During his visit to Manaus, where he toured the Amazon and visited the Museu da Amazônia, Biden, accompanied by his daughter Ashley and granddaughter Natalie, emphasized the importance of conservation efforts. This visit highlighted the U.S.'s commitment to environmental stewardship under his presidency.

Biden's remarks in Manaus reflected his broader environmental strategy. He stated, "Nobody can reverse the Democrat's green legacy," underscoring his commitment to leaving a sustainable and beneficial legacy regardless of future administrations.

Amid these announcements, the New York Post reported a growing concern within federal agencies, including the World Bank, due to anticipated policy shifts under the upcoming Trump administration.

World Bank employees, in particular, expressed fears of potential budget cuts and a shift in priorities.

Trump Administration Expected to Impact Federal Funding

The election of Trump has sparked significant apprehension among federal employees, particularly due to his appointees Elon Musk and Vivek Ramaswamy to head the new Department of Government Efficiency.

This department is expected to enforce stringent budget cuts and streamline federal bureaucracy.

Biden, in his statements, positioned his administration's commitments as a foundation for future leaders. He expressed hope that his successor would recognize the economic opportunities provided by his initiatives and not obstruct their progress.

Finer elaborated on the strategy behind Biden's financial commitments, highlighting the potential to unlock $36 billion in new lending at the World Bank as a move that could significantly benefit global development and poverty alleviation.

Biden’s Legacy and the Global Impact

Biden's funding initiatives are designed not only to address immediate economic and environmental challenges but also to set a precedent for future international cooperation and development efforts.

As the end of his term approaches, Biden is clear about his intentions, stating, "It's no secret that I'm leaving office in January. I will leave my successor and my country a strong foundation to build on if they choose to do so."

Ultimately, the transition of power invites both opportunity and uncertainty, with Biden's proactive measures serving as his administration's final effort to cement a positive global impact that may withstand political shifts.