World Bank Group Timeline

World Bank Group shareholders approve a bold package of measures that includes a $13 billion paid-in capital increase, a series of internal reforms, and a set of policy measures. The increase consists of $7.5 billion paid-in capital for IBRD and $5.5 billion paid-in capital for IFC and a $52.6 billion callable capital increase for IBRD. Initial discussion of this transformative package started at the October 2015 Annual Meetings in Lima, Peru, with the intent of boosting the Bank Group's and its shareholders' role in addressing global challenges, such as extreme poverty, climate change, and humanitarian recovery response. The capital increase package consists of reforms and new policies that will focus on accountability, differential pricing, and sustainability in the Bank Group’s lending. The Bank Group will also begin charging higher rates for developing countries with higher incomes to address the issue of excessive borrowing.