How can the World Bank increase lending at a time when wealthy donor-countries continue to struggle with record budget deficits and remain nervous about the impact of financial turmoil in Europe? A new memo by CGD research fellow Ben Leo urges the World Bank’s two lending arms, the International Development Association and the International Bank for Reconstruction and Development, to rebalance their loans to low- and middle-income countries. The proposal could provide $7.5 billion in new finance to the poorest countries.
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