World Bank Reports Possibility of Financing Constraints

The World Bank may encounter serious financing constraints by mid-2010 if lending to the developing world remains at its current pace, said the bank's president, Robert Zoellick. Zoelick is set to ask for additional resources from member countries at the joint annual meeting of the World Bank and International Monetary Fund in Istanbul next month, 

 reports.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.