World Bank Mulls Scaling up Borrowing Ceiling

The World Bank is looking at raising the borrowing limit of individual countries, which is currently pegged at USD15.5 billion, the

reported. "Discussions are underway (for raising single borrower limit) but a decision has not been made," a World Bank spokesperson said. India, which is pushing for the said move, argued that the increase in borrowing limit will help provide more financing to infrastructure and global financial crisis mitigation projects in the developing world.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.