On the financial side, we are glad to see the remarkable initial results of the Capital Adequacy Frameworks review, designed, and launched under the G20 Italian Presidency. We should swiftly proceed with the proposals to remove the Statutory Lending Limit from the Articles of Agreement, lower the equity-to-loans ratio, and launch a pilot on Hybrid Capital with private investors.
These measures, together with Management's decision to increase the limit for shareholder guarantees, would enable  2/3  BIS - Central bankers' speeches  about $ billion of additional lending over 10 years. Looking ahead, we invite the WBG to consider the implementation of all the other CAF recommendations, including the work aimed at strengthening and improving the usability of the GEMs database.