International Monetary Fund and World Bank reports

World Bank Secures Record $100 Billion to Aid Poorest Nations

Dec 6, 2024, 04:46 AM

The World Bank has secured a record-breaking $100 billion in pledges from donor countries for a three-year replenishment of its fund aimed at supporting the world's poorest nations. This significant financial commitment is intended to address the challenges these countries face, including crushing debts, climate disasters, inflation, and conflict.