Capital increase of the International Bank of Reconstruction and Development
Middle-income countries, where 70 percent of the world's poor live, have made profound improvements in economic management and governance over the past two decades and are rapidly increasing their demand for the strategic, intellectual and financial resources the World Bank has to offer. The challenge facing the IBRD is to better manage and deliver its resources to best meet the needs of these countries.
Promote sustainable, equitable and job-creating growth, reduce poverty and address issues of regional and global importance. Reduce poverty in middle-income and creditworthy poorer countries by promoting sustainable development through loans, guarantees, risk management products, and analytical and advisory services. Specifically, the IBRD: - supports long-term human and social development needs that private creditors do not finance; - preserves borrowers' financial strength by providing support in crisis periods, which is when poor people are most adversely affected; - uses the leverage of financing to promote key policy and institutional reforms (such as safety net or anticorruption reforms); creates a favorable investment climate in order to catalyze the provision of private capital; - provides financial support (in the form of grants made available from the IBRD's net income) in areas that are critical to the well-being of poor people in all countries. N.A.