World Bank President Ajay Banga wants to focus on improving the development lender so that he can earn the right to press member states for more capital, as the new chief looks to expand its role in fighting climate change, pandemics and other crises.
Banga said in an interview he would wait to seek a capital increase until he has made progress re-focusing the bank’s development lending on more impactful projects, made it more nimble and boosted lending with its existing balance sheet.
Read More : World Bank’s New President Calls for Advancements in Lending Institution