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World Bank Plans To Boost Funding In Developing Countries, Appoint Senior Directors

News outlets report on the World Bank’s announcement on funding plans and director appointments as its spring meetings approach.

New York Times: World Bank to Lift Lending to Developing Countries
“The World Bank announced on Tuesday that it was nearly doubling its potential lending to so-called middle-income countries like China, India and Brazil, adding about $100 billion in new financing capacity over the next decade…” (Lowrey, 4/1).

Reuters: World Bank plans to boost funding to help the poorest countries
“The World Bank plans to boost its overall funds for development by around 40 percent per year in order to stay relevant and help the world’s poorest people, the institution’s president said on Tuesday…” (4/1).

Devex: World Bank to appoint ‘global practices’ directors this week
“World Bank President Jim Kim announced on Monday that the appointment of senior directors of the bank’s ‘global practices’ will be finalized later this week ahead of the institution’s spring meetings…” (Stephens, 4/1).