Leading politicians, military officers and diplomats from around the world gather in Munich on Friday to survey a European security landscape transformed by Russia’s invasion of Ukraine.
EXCLUSIVE-World Bank may loosen loan ratio to free up $4 billion a year
By Andrea Shalal
WASHINGTON, Feb 16 (Reuters) – The World Bank, under pressure to do more to help developing countries cope with climate change, may change its internal lending guidelines to free up $4 billion in lending capacity each year, World Bank President David Malpass told Reuters on Thursday.
Malpass said the bank’s International Bank for Reconstruction and Development (IBRD) arm may lower its equity-to-lending ratio by one percentage point to 19%, taking on a bit more risk, in line with an independent report prepared for the Group of 20 (G20) major economies last year.
Lowering the equity-to-lending ratio would free up more resources at a time of mounting global challenges such as the Ukraine war, he said. The board was expected to decide on the issue by the April meetings of the bank and the International Monetary Fund.