WASHINGTON, April 19, 2024 New financial instruments designed to boost lending capacity and enable the World Bank Group to take on more risk for shared global challenges have received a significant endorsement. A set of 11 countries announced commitments today for the Portfolio Guarantee Platform, hybrid capital mechanism, and new Livable Planet Fund totaling $11 billion.
WASHINGTON, April 19, 2024 New financial instruments designed to boost lending capacity and enable the World Bank Group to take on more risk for shared global challenges have received a significant endorsement. A set of 11 countries announced commitments today for the Portfolio Guarantee Platform, hybrid capital mechanism, and new Livable Planet Fund totaling $11 billion.
Joint statement by the Prime Minister of India, Mr. Narendra Modi, the Chair of the African Union and President of the Comoros, Mr. Azali Assoumani, the President of the French Republic, Mr Emmanuel Macron, the President of the World Bank, Mr Ajay Banga, the Managing Director of the International Monetary Fund, Ms Kristalina Georgieva, and the President of the European Commission, Ms. Ursula von der Leyen.