The Executive Directors of the World Bank, formally known as International Bank for Reconstruction and Development, today have proposed to the Board of Governors that $1,013 million be allocated to the Bank's general reserve from its net income of $1,113 million for fiscal year 1987.
They also have recommended that $100 million be transferred to the International Development Association (IDA), the Bank's concessional lending affiliate. The grant will help strengthen IDA's efforts to promote development in the poorest developing countries.
