Kenneth J will not be happy: Tharman raised funding to World Bank!

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Kenneth J will not be happy: Tharman raised funding to World Bank!

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22-01-2014, 10:30 AM

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Kenneth J will not be happy: Tharman raised funding to World Bank!

An honorable member of the Coffee Shop Has Just Posted the Following:

http://www.todayonline.com/singapore...-banks-capital

The Republic will be raising its contribution to the World Bank’s capital substantially, in return for a bigger say on the organisation. Parliament yesterday approved a motion to raise Singapore’s subscription to the capital of World Bank, officially known as the International Bank for Reconstruction and Development (IBRD), from US$38.6 million (S$49.4 million) to US$672 million.

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