World Bank's Kim Says Most Members 'On Board' With Capital Hike (Reuters)

From the article:

However, Kim has one major obstacle to increasing the bank’s capital base: a reluctant Trump administration, which as the World Bank’s largest shareholder, effectively holds veto power over its decisions.

“Everybody’s willing to do this except for the United States at this point,” said Scott Morris, a senior fellow at the Center for Global Development, a Washington-based think tank. “We have to convince a new administration on the basic case. I think all the evidence is that they’re not there yet.”

Morris, a former U.S. Treasury official who oversaw U.S. membership in the World Bank and IMF Fund during the Obama administration, said the administration likely has some objections to the World Bank’s continued lending to China and some other large emerging market countries.

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