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World Bank to Increase Lending to Middle-Income Countries by $100 Billion

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WASHINGTON, DC, United States

The World Bank this week announced a series of measures aimed at improving the organization and helping it to better meet the needs of its clients. Included in these measures is a $100 billion USD increase in lending capacity of the International Bank for Reconstruction and Development (IBRD), which lends to middle-income countries, over the next decade.