IFI governance


Bank builds muscle to deal with crises

15 April 1998

The Bank will spend $50m over the next two years recruiting financial sector experts for a new Special Financial Operations unit. It is intended that the Bank’s financial sector staff will increase by nearly 50% within a year. The unit aims to be able to provide loans, advice and technical assistance in up to six countries at once.

The Bank is also introducing a Risk-Adjusted Return on Capital Framework and a risk management unit to assess risks to its own balance sheet, and discuss loan pricing options.