World Bank Increases Loans to Lower Secondary Countries

By : Herry Barus And Aldi Firhand. A | Friday, April 20 2018 - 22:10 IWST

World Bank Group Managing Director Jim Yong Kim (Foto Ist)
World Bank Group Managing Director Jim Yong Kim (Foto Ist) - Washington - World Bank Group President Jim Yong Kim said on Thursday (19/04/2018) that the multilateral lender will increase lending to middle-income countries down from time to time.
Kim made the remarks in response to questions about a 13 billion dollar capital improvement plan for the World Bank and its lending practices to be discussed during the International Monetary Fund and the World Bank's spring meeting this weekend.

Around 7.5 billion US dollars of capital increase will be provided to the International Bank for Reconstruction and Development (IBRD), the group's main lending unit, and $ 5.5 billion will be awarded to the International Finance Corporation (IFC), a lending unit for the private sector of the group, according to local media reports.

While many of the Bank's board of governors want to focus on lending to lower-middle-income countries, the capital-raising plan does not target loan changes to certain countries, Kim said at a news conference.

"Nothing in the agreement we put together and dedicate to the governors who commented on a single state loan," he said.

"It's about how we think about income levels and how the World Bank Group can continue to be a partner and support all our member countries," he argues.

Kim said the increase in capital for IFC meant that the lender's unit would be able to do more in middle-income and higher-income countries as well.

"So just to clarify about this, there is nothing in the agreement that targets a particular country," he said. (Ant)

News Comment

Today's Industry

Panen Padi (Foto Dok

Minggu, 27 Mei 2018 - 22:30 WIB

City of Bekasi Generates 3,325 Ton of Rice

Bekasi - Agriculture Agency of Bekasi City, West Java, noted that rice fields in the local area produce 3,325 tons of rice harvested within a year.

Kopi Indonesia (Foto Ist)

Minggu, 27 Mei 2018 - 22:00 WIB

Coffee of Pasirwangi Garut Farmer Products Interesting Abroad

Garut - Coffee produced by farmer D'Arffi brand in Pasirwangi District, Garut regency, West Java, attracted many coffee lovers from overseas, in addition to able to meet the needs of the national…

Coordination meeting on the preparation of the Asian Games XVIII

Minggu, 27 Mei 2018 - 21:54 WIB

Thousands of Artists Will Enliven The Opening of the 2018 Asian Games

A total of 5,500 artists will enliven the opening and closing ceremony of the Asian Games 2018 which will take place August 18 and September 2 in Jakarta and Palembang.

Taman Impian Jaya Ancol (Foto Dok

Minggu, 27 Mei 2018 - 21:50 WIB

Ancol Predict 1.28 Million Visitors During Eid Holiday 2018

The management of Taman Impian Jaya Ancol predicts the number of visitors to the tourist area in North Jakarta during Eid 2018 has increased about 14 percent compared to the Eid holiday season…

Illustration of Foreign Tourist Visits (Wisman)

Minggu, 27 Mei 2018 - 21:44 WIB

Japanese and British tourists to Bali ascending

Japanese and British tourists enjoying holiday destinations on the island of Bali in the first quarter of 2018 increased by 4.24 percent and 16.34 percent respectively compared to the same quarter…