RESOLUTION PASSED TO RESPOND TO CAPITAL CALL

Report filed by Cherilyn Beazer – News Reporter

Government has taken steps to ensure the country is in good financial standing with the World Bank Group.
Resolutions have been passed in Parliament’s Lowe House to purchase shares in the International Finance Corporation and the International Bank for Reconstruction and Development.
The decision comes with the need to increase capital in the IFC to fund various countries and private entities globally due to the COVID-19 pandemic.