MANAMA: Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa hailed the proposed capital package for improving the World Bank Group (WBG) as a transformational change in how the group deals with development challenges.
In a statement to the 97th meeting of the Development Committee, in Washington DC on the sidelines of the spring meetings of the WBG and the International Monetary Fund (IMF), Shaikh Ahmed said the four main pillars remain extremely relevant: serving all clients, maximising finance for development through mobilisation of private sector investments and solutions, leading on global issues, and improving the business model .