World Bank President Ajay Banga will come under pressure this week to focus on climate change, but the former Mastercard CEO first needs to get shareholders ...
MARRAKECH, Morocco - World Bank President Ajay Banga will come under pressure this week to focus on climate change, but the former Mastercard CEO first needs to get shareholders in line on how to grow the bank.
"We'd love to shareholders see come out with a strong endorsement of that target and a plan to push that forward," said Amy Dodd, development policy director at ONE Campaign. "I'm very skeptical that there's going to be a big step forward on the size of the institution in Marrakech," said Clemence Landers, a former U.S. Treasury official now with the Center for Global Development in Washington.This group on Monday published a new scorecard for MDB reforms, saying that broad changes are "firmly in play" but progress in implementing them has been limited.For now, the U.S.
A bigger move would boost lending against the World Bank's "callable capital," a cushion of emergency funds pledged by shareholders but not paid-in, but this would require some countries to change laws.
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