President Zoellick has pledged to bring new IBRD loans from $ to $ in the current fiscal year and up to $ over the period spanning fiscal years 2009 to 2011. Over the same period, IFC plans to fully leverage its capital base by raising its loans to $ per year.
The WBG response to the financial crisis has also led to the development of the Vulnerability Framework (VF), a well-conceived platform intended to provide donors with an ample choice of multilateral development institutions and facilities to channel development funds. The support to trade finance, as envisaged in the VF, will help timely counteract the sharp contraction in trade volumes that emerged in recent months.