Banga says country contributions could boost World Bank lending capacity ...Middle East

Ajay Banga, World Bank president, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Seth Wenig/Pool via REUTERS/File Photo Acquire Licensing Rights Sept 26 (Reuters) – World Bank Group President Ajay Banga on Tuesday said that proposed new contributions from wealthy countries under a capital adequacy framework could increase the bank’s lending capacity by $100 billion to $125 billion over a decade. Banga told a Council on Foreign Relations event that the contributions would come outside the bank’s normal shareholding structure and regular country contributions to the International Development Agency fund for the poorest countries. The

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