1、 https:/crsreports.congress.gov Updated December 14, 20182018 World Bank Capital Increase ProposalOn October 12, 2018 World Bank members, including the United States, approved a $60.1 billion capital increase for the World Banks main lending facility, the International Bank for Reconstruction and De
2、velopment (IBRD), which would raise the IBRDs capital from $268.9 billion to $329 billion. World Bank members also endorsed a $5.5 billion capital increase for the International Finance Corporation (IFC), the World Banks private-sector lending arm, which would more than triple the IFCs capital base
3、from $2.57 billion to $8.2 billion. Congress would need to fully authorize and appropriate funds for any U.S. participation in the proposed capital increase. In testimony before the House Financial Services Committee in December 2018, Treasury Undersecretary David Malpass committed to work with Cong
4、ress over the coming months to prepare the necessary legislation to move forward with the U.S. contribution to the capital increase. According to the Bank, the capital increase would allow the Bank to provide an annual average of $100 billion in development support. Over the past five years (2013-20
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