request for increase in capital base : Franchise Herald

request for increase in capital base

request for increase in capital base

World Bank Calling for Boost in Capitals, Citing Several Factors to Warrant Need for Greater Resources

Jim Yong Kim, the president of the World Bank, is calling for global leaders to increase the institution’s capital base, according to a report from the Financial Times. Kim argues that the slowdown in emerging markets and the agreed upon developmental goals of the UN are reasons for the bank to need greater resources.

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