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World Bank plans USD50bn lending boost over a decade

The World Bank is reportedly considering a plan to increase lending by USD50bn over the next decade through changes to its rules. This strategy is part of the bank's evolution roadmap and is in response to calls from US Treasury Secretary Janet Yellen and other G20 leaders to find ways to stretch existing resources to address challenges such as climate change and pandemics. The plan involves lowering the minimum equity-to-lending ratio at the International Bank for Reconstruction and Development, which would allow the bank to take on more risk with its existing capital. Additionally, the World Bank is considering the adoption of explicit goals to boost sustainability and resilience, in addition to its current mission of reducing poverty and boosting prosperity. The plan is set to be discussed by World Bank executive directors in the coming weeks and will be presented for consideration during the bank's Spring Meetings in April.

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