
The World Bank is looking at more funds to expand its capacity to fund initiatives aimed at addressing climate change and other global crises. According to documents seen by Reuters, the World Bank will negotiate with shareholders ahead of April meetings on proposals that will include a capital increase and new lending tools. The documents, dubbed "”evolution roadmap”, cautions that a build-up of lending for climate change, health care, food security and other needs may require a capital increase to boost the capacity of the World Bank’s middle-income lending arm, the International Bank for Reconstruction and Development. For the World Bank to continue to play a central role in the development of climate finance, it will need a concerted effort by both shareholders and management to step up its financing capacity, the documents said.