Developing countries gain more leverage in World Bank restructuring


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)

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