Record funding for world's poorest countries.

Author:Rosenberg, Anna
Position:AFRICAN BANKER'S WORLD - Brief article

Donor countries have pledged a record $25.1bn to the World Bank to help overcome poverty in the world's poorest countries. In total, the 15th replenishment of the International Development Association (IDA15) will provide $41.6bn, an increase of $9.5bn over the previous replenishment (IDA14) which provided $32.1bn. The record donor pledges for IDA15 represent a 42% increase from the previous replenishment. This is complemented by $16.5bn in internal financing from the World Bank Group and prior donor pledges for financing debt forgiveness. "This is the largest expansion in donor funding in IDA's history," World Bank group president...

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