The Treaties Committee will be holding a public hearing on Friday to review two treaty actions relating to capital increases for two World Bank entities, the International Bank for Reconstruction and Development and the International Finance Corporation.
These actions will enable Australia to purchase additional capital in both entities, which are in the process of raising capital in part to implement an emergency response package to the global health and economic impacts of COVID-19.
The Committee will hear from witnesses from the Department of the Treasury, commencing shortly after 11am. The hearing will be broadcast at aph.gov.au/live.
Ms Natalie Hissey, Office of Mr Dave Sharma MP
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For background information
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