World Bank reform could free up US$50 billion for lending

THE World Bank’s ongoing reform could result in a US$50 billion (RM220 billion) lending boost over the next decade, Treasury Secretary Janet Yellen told AFP ahead of stakeholders’ meetings next week where key changes are expected to be announced.

Central bankers, finance ministers and participants from more than 180 member countries are expected to gather in the US capital for the International Monetary Fund and World Bank’s spring meetings in the coming week.