World Bank members endorse moves to boost lending by US$50 billion over decade

WORLD Bank member countries have endorsed measures allowing a US$50 (RM220) billion lending boost over the next decade, its outgoing president David Malpass said yesterday.

The move, announced during the International Monetary Fund (IMF) and World Bank spring meetings in Washington, is part of an ongoing evolution of the development lender amid pushes for it to meet global challenges like climate change.