The World Bank appears to be extending its lending capacity to include things like climate change and other global crises.
They’ve created what they’re calling an “evolution roadmap” that they’ve sent to shareholder governments. The roadmap document includes things like a capital increase and new lending tools. It marks the start of a negotiation process to alter the bank’s mission and financial resources and shift it away from their *country and project specific* lending model which has been used since its creation at the end of World War two.
The World Bank management aims to have specific proposals to change its mission, operating model, and financial capacity ready for approval by the joint world bank and international monetary fund development committee in October. The funny part is, they too are waiting for money from the Chinese deep state.