World Bank to Boost Financing Capacity of IBRD Lending Arm by $50 Billion - Malpass

The World Bank expects to boost the financing capacity of its middle-income lending arm by $50 billion over the next 10 years to help countries deal with overlapping crises, World Bank President David Malpass said on Thursday in Niamey, Niger, Reuters reported. Malpass said the increase in financing capacity for the International Bank for Reconstruction and Development (IBRD) would come during the upcoming spring meetings of the World Bank and the International Monetary Fund in Washington in April. He said the World Bank had doubled its financing for global public goods during his presidency, reaching $100 billion from 2020-2022, and was continually exploring options to further increase its lending capacity. Read more.