IDB, World Bank reports on emergency capital could pave way for expanded lending
WASHINGTON - The Inter-American Development Bank and World Bank on Friday issued separate reports on callable capital, the emergency capital pledged by governments but not paid in, that could help multilateral development banks expand their lending capacity.
IDB said its senior management was confident that credit rating agencies would find the analysis useful in assessing the value of callable capital. The study is part of a major push by the IDB and other multilateral banks to expand the resources available to help poor countries fight climate change. Similar reports on callable capital are being published by the African Development Bank, the Asian Development Bank and the European Bank for Reconstruction and Development.
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