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MARRAKESH (AFP) – The heads of the IMF and World Bank urged member nations yesterday to boost the funding firepower of the global lenders to help poorer countries combat poverty and climate change. They made their plea at week-long talks of global finance ministers and central bank governors in Marrakesh, Morocco – the first IMF-World […]
The IMF and World Bank have been holding their first annual meetings in Africa in 50 years under pressure to reform a system too outdated to properly help poor nations battered by the effects of climate change.
Changes at the world’s largest anti-poverty lender will boost its lending capacity by about $150bn over the next decade, Banga said.
The World Bank's new president, Ajay Banga, said Wednesday that the global lender must become "better" and "bigger" to boost its capacity to help
The World Bank's new president, Ajay Banga, said Wednesday that the global lender must become "better" and "bigger" to boost its capacity to help developing countries battle climate change, poverty and pandemics.