The World Bank said its board of...
The World Bank said its board of directors approved a $74.8-billion capital increase. World Bank President Barber B. Conable Jr. said “these agreements pave the way for stronger World Bank support of developing countries.” The agreement, which must still be approved by the governments of the bank’s 151 member countries, brings the authorized capital to $171 billion.
More to Read
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.