World Bank increases 3rd world investment, influence

April 26, 2010 03:05


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

WASHINGTON — U.S. Treasury Secretary Timothy Geithner says members of the World Bank have agreed to increase the funds it uses to lend for development projects by $3.5 billion.

He also said the bank's steering committee decided to give developing countries more of a voice in running the 186-member Washington-based institution.

Geithner said Sunday the bank made a strong and compelling case for a new capital infusion and he will ask Congress to approve the U.S. portion.

In addition, he said members agreed on a new shareholding arrangement giving developing countries more influence in bank operations.

Related Content

Breaking news
August 19, 2018
Report: Iran says it is seeking solution to sell oil and transfer revenues