Exclusive-World Bank may loosen loan ratio to free up $4 billion a year
WASHINGTON: The World Bank, under pressure to do more to help poor countries grapple with climate change, is considering taking on more risk to free up US$4 billion in additional lending capacity each year, World Bank President David Malpass told Reuters on Thursday .
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. The bank's management has already vetted the 19 per cent proposal with credit ratings agencies, and that was the most likely outcome of the discussions now underway, said a source familiar with the matter.
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