World Bank may loosen loan ratio to free up $4B a year

WASHINGTON  – The World Bank, under pressure to do more to help developing countries cope with climate change, may change its internal lending guidelines to free up $4 billion in lending capacity each year, World Bank President David Malpass told Reuters on Thursday. Malpass said the bank‘s International Bank for Reconstruction and Development (IBRD) arm may lower its equity-to-lending ratio by one percentage point to 19 percent taking on a bit more risk, in line … Continue reading World Bank may loosen loan ratio to free up $4B a year