World Bank says shareholders endorse capital increase

WASHINGTON (Reuters) – The World Bank said on Saturday its shareholders had endorsed a $13 billion paid-in capital increase, a series of internal reforms and a set of policy measures to strengthen the international lender’s capabilities.

The package agreed to consists of $7.5 billion paid-in capital for the International Bank for Reconstruction and Development and $5.5 billion paid-in capital for the International Finance Corporation, through both general and selective capital increases, as well as a $52.6 billion callable capital increase for IBRD, the World Bank said in a statement.

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