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World Bank seeks more funds to address climate change, other crises, document shows

Summary by Ground News
The World Bank is seeking to vastly expand its lending capacity to address climate change and other global crises. The development lender will negotiate with shareholders ahead of April meetings on proposals that include a capital increase and new lending tools. The World Bank Group (WBG) is not ready to abandon its longstanding top-tier credit rating to boost lending.
Published 3 months ago · Washington, United States

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