US welcomes World Bank reforms, pushes for more ambitious changes

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The United States welcomed plans by the World Bank to boost its annual lending by $5 billion to address global challenges including climate change over the next 10 years, but said it was pushing for more ambitious changes soon. | Reuters

s were long overdue and changes were needed to give greater voice to African countries and other developing nations.and the International Monetary Fund. In a context of heightened risks of fragmentation, shared challenges have grown more pressing and decisive,” he said.

At the same time, it is working to leverage its balance sheet to mobilize more private capital, the official said.to implement the recommendations of an independent panel commissioned by the Group of 20 major economies, which said the

 

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