IDB, World Bank reports on emergency capital could pave way for expanded lending

Beers & Burgers: Harvey's To Go | SaltWire #harveys #burger #beer #foodbloggerWASHINGTON - The Inter-American Development Bank and World Bank on Friday issued separate reports on callable capital, the emergency capital pledged by governments but not paid in, that could help multilateral development banks expand their lending capacity.

IDB said its senior management was confident that credit rating agencies would find the analysis useful in assessing the value of callable capital. The study is part of a major push by the IDB and other multilateral banks to expand the resources available to help poor countries fight climate change. "This information will help rating agencies to better assess the value of callable capital to Multilateral Development Banks ," it said."Additional recognition by rating agencies of the value of callable capital could potentially allow the World Bank and other MDBs to expand financial capacity to tackle growing development needs and improve the lives of millions."

Senior executives at multilateral development banks have been meeting with top credit ratings agencies amid a broad push to expand their lending capacity and help countries brace for climate change and other challenges.

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