Therefore, the Bank should analyze and assess in more detail postcrisis demand for World Bank lending and explore other options before resorting to a general capital increase. As a result of the crises, the number of people living in extreme poverty has increased significantly. The Bank Group should not lose focus on this vulnerable group.
In this respect we call upon all donors to secure a sufficient replenishment of IDA-16, for which negotiations will start soon. The second phase of voice and participation reform should be concluded within the agreed timeframe. This reform should be based on a widely accepted measure for countries’ relative economic weight, but should also take into account members’ contributions to IDA.