5 takeaways from the World Bank Spring Meetings
After months of negotiations — including with a skeptical Trump administration — Kim was able to announce a $13 billion capital increase that will allow the bank to lend more money and finance more projects. The capital increase deal dominated this year’s Spring Meetings, and it came with a package of financial and policy reforms that will continue to fuel discussions about the bank’s evolving role. The meetings also showcased efforts to drive investment in health and education, and to harness technological disruption for economic benefits in developing countries. Here are five Devex takeaways from the 2018 World Bank and International Monetary Fund Spring Meetings: 1. More money for more problems Kim has argued that as the bank’s shareholders have asked it to play a central role in some of the world’s most pressing challenges — climate change, support for refugee hosting countries, fragile states — they must also help the institution scale up its financial resources accord