US welcomes World Bank reforms pushes for more ambitious changes BusinessWorld Online

WASHINGTON — The United States on Monday welcomed plans by the World Bank to boost annual lending by $5 billion to middle-income countries to fight climate change and other global crises over 10 years, but said it was pushing for more ambitious changes soon. A senior US Treasury official told Reuters the World Bank’s governors were expected to endorse the long-awaited plan during their twice-yearly meetings next week, while calling for the bank’s management to outline firm plans for further reforms. The United States, the bank’s largest shareholder, has been pressing the World Bank for months to take bolder action…