The Currency Scene:
News, Events, and Stories about currency from around the world.

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.

World Bank President Jim Yong Kim attends the Development Committee meeting during the IMF/World Bank spring meeting in Washington, U.S., April 21, 2018. REUTERS/Yuri Gripas

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.

Reporting by David Lawder; Editing by Paul Simao

Our Standards:The Thomson Reuters Trust Principles.

Read more from our friends at Reuters:

Pin It

The Logo Story

currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

Visit the CurrenScene Media Page