WASHINGTON, October 6, 2022—The World Bank Group today issued the following statement:
“We appreciate the work of the panel on its independent review of Multilateral Development Banks’ Capital Adequacy Frameworks. The World Bank Group is constantly working on ways to increase its lending for development, whether it is through optimizing our balance sheet or by introducing innovations. For example, by taking IDA to the capital markets, we were able to significantly increase the leverage of donor resources for the poorest countries. And our increased use of shareholder guarantees has proven very valuable in augmenting our capacity for lending. We are looking at the recommendations of the G20 report on increasing lending capacity very carefully. We are discussing the recommendations with our Board and will hold deep dives on implementation with a view to developing a package that could increase lending capacity while safeguarding our financial sustainability, our preferred creditor status, and our AAA rating so that we can continue providing important assistance to developing countries."
In Washington: David Theis, (202) 458-8626, email@example.com