World Bank General Capital Increase, A Conversation with U.S. Treasury Assistant Secretary Heath P. Tarbert

Date and time
End date and time
Attendance restrictions
by invitation only
U.S. Treasury

On April 21, 2018, World Bank Group President Jim Yong Kim announced that Bank shareholders, including the United States, have concluded negotiations and endorsed a general capital increase (GCI) package of $13 billion for the IBRD and IFC (see Development Committee communiqué). In addition to the paid-in capital, the package includes a series of internal reforms and a set of policy measures that strengthen the Bank’s ability to scale up resources and deliver on its mission in areas of the world most in need. U.S. Treasury Secretary Steven Mnuchin in his own remarks welcomed the reforms. The Bretton Woods Committee will convene a dialogue with Assistant Secretary Tarbert and the Committee’s Legislative Task Force to share voices of experience and discuss next steps for moving the GCI package forward through the U.S. legislative process.