Asia funds the World Bank

Doris Herrera-Pol, manager, capital markets operations at the World Bank in Washington, tells FinanceAsia how Asia has become the most important funding source for the global lending institution and how it is looking to issue in Asian currencies.

The World Bank has approximately $108 billion of debt outstanding, of which perhaps up to half is now estimated to be in Asian hands. This stunning statistic shows how important Asia has become for global borrowers due to the massive rise in foreign reserves in Asian central banks and the high savings rate in Asian economies.

Despite the dollar's recent decline, there seems to be no shortage of demand for dollar denominated products from the world's...

To continue reading, please login or register for free

Click for more on: asia | funds | bank

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...