April 21, 2018 / 9:17 PM / in a year

World Bank says shareholders endorse capital increase

WASHINGTON, April 21 (Reuters) - The World Bank said on Saturday its shareholders had endorsed a $13 billion paid-in capital increase, a series of internal reforms and a set of policy measures to strengthen the international lender’s capabilities.

The package agreed to consists of $7.5 billion paid-in capital for the International Bank for Reconstruction and Development and $5.5 billion paid-in capital for the International Finance Corporation, through both general and selective capital increases, as well as a $52.6 billion callable capital increase for IBRD, the World Bank said in a statement. (Reporting by David Lawder Editing by Paul Simao )

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below