The World Bank boosted its capital funds by $86.2 billion on Monday on the back of plans to restructure its provision of funds to poor countries and offer developing countries greater voting power.
The deal struck by the group's 186 members at the conclusion of its spring meeting will add $86.2 billion in capital to the International Bank for Reconstruction and Development (IBRD), the arm that lends to developing countries, and provide a $200m boost to the International Finance Corporation (IFC)
- Auditors find ‘flaws’ in ECB’s crisis management framework
- Economists need to better understand macrofinancial links – BIS paper
- Home truths on Europe’s NPLs
- Central banks lack ‘firepower’ to combat financial crises, says report
- Ukrainian bank owners carried out ‘co-ordinated fraud’, forensic audit says