UPDATE 1-Yellen says World Bank needs ‘cultural change’ to better mobilize private capital

U.S. Treasury Secretary Janet Yellen said on Tuesday the World Bank had made progress in reforming its operations to better address climate change and other global challenges, but still needed "cultural change" to mobilize private sector capital. Yellen, speaking at the Mohammed VI Polytechnic University in Ben Guerir, Morocco, said the bank's governors would this week endorse a new vision "to end poverty on a livable planet" and that its new president, Ajay Banga, was working to turn that new mission into reality.