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The World Bank Group’s 2018 Capital Increase Package


Rasmus Heltberg and Ichiro Toda (task team leaders) co-led this validation report. Deborah Delmar and Alena Lappo (consultants) and Lars Johannes (senior economist) were additional core team members. Maximillian Ashwill was the lead editor, and Jean-Jacques Ahouansou provided administrative support. Onno Ruhl (retired World Bank staff) and Roland Michelitsch (former evaluator general of the African Development Bank and retired International Finance Corporation staff) advised the team.

The report was carried out under the direction of Chris Nelson (manager) and Carmen Nonay (director) and the overall guidance of Oscar Calvo-Gonzalez (acting vice president and Director-General, Evaluation). The report was peer reviewed by Tamar Manuelyan Atinc (nonresident senior fellow at the Brookings Institution), Otaviano Canuto (senior fellow at the Policy Center for the New South and nonresident senior fellow at the Brookings Institution), Tamar Gutner (associate professor of international affairs at American University’s School of International Service), and Monika Huppi (retired principal adviser at the Office of Evaluation and Oversight, Inter-American Development Bank).