World Bank president Robert Zoellick warned today that the international lender could find money running tight within a year if crisis-driven demands on its funding keep up at their record pace and the richer countries fail to stump up more cash, AP reported. Speaking to reporters before the start of annual meetings of the World Bank and International Monetary Fund annual meeting here, Zoellick said the World Bank deployed a record $33 billion in its fiscal year to June 2009 and is already on course to lend a further $40 billion this year. At present, the World Bank has $100 billion to lend to middle-income countries _ the poorest countries get lending from the World Bank by different means and at different rates. If, and when, that money runs dry, the Bank may have to resort to rationing. «By the middle of next year, we will start to face serious constraints,» he said. «We are seeing, as we look into 2011, that we'll go through that $100 billion and probably beyond.»
