World Bank raises lending capacity by $30B to support developing nations facing global challenges.

The World Bank announced a $30 billion increase in lending capacity over the next decade to support developing countries facing climate change and other global challenges. This involves lowering the International Bank for Reconstruction and Development's equity-to-lending ratio from 19% to 18%, allowing for greater risk. Additionally, the bank aims for a total increase of $150 billion through pricing adjustments and is seeking to boost funding for the poorest countries by over $100 billion.

October 15, 2024
12 Articles

Further Reading