World Bank reform could free up US$50 billion for lending
US Treasury Secretary Janet Yellen says new challenges the World Bank must face appear separate but are in fact inextricably linked. – EPA pic, April 8, 2023.
THE World Bank’s ongoing reform could result in a US$50 billion lending boost over the next decade, Treasury Secretary Janet Yellen told AFP ahead of stakeholders’ meetings next week where key changes are expected to be announced. Central bankers, finance ministers and participants from more than 180 member countries are expected to gather in the US capital for the International Monetary Fund and World Bank’s spring meetings in the coming week.
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