Biden Pledges Record $4 Billion to World Bank Fund

Biden pledges record $4 billion to World Bank fund for poorest countries
U.S. President Joe Biden pledged a $4 billion U.S. contribution to the World Bank's International Development Association fund for the world's poorest countries, a senior Biden administration official said on Monday.
US Pledges $4 Billion for World Bank Arm Focused on Poor Nations
President Joe Biden pledged $4 billion for the World Bank unit focused on low-interest loans and grants to the poorest nations, bolstering the effort to secure funding amid uncertainty over the policies of President-elect Donald Trump.
Biden pledges record $4 billion to World Bank fund for poorest nations
The World Bank's IDA fund, which provides mainly grants and very low interest loans to the poorest countries, is replenished every three years, and a pledging conference is scheduled for Dec. 5-6
South Korea pledges 45% increase in World Bank fund contribution
South Korean President Yoon Suk Yeol has pledged a 45% increase in the country's contribution to the World Bank's International Development Association fund to more than $600 million, the finance ministry said on Tuesday.
Biden pledges record $4 billion to World Bank for poorest countries
World Bank President Ajay Banga is aiming for a record amount exceeding the $93 billion refunding in December 2021, amid rising demands from poor nations in Africa and elsewhere that are struggling with crushing debts, climate disasters, conflict and other pressures.
Biden in 'historic' pledge for poor nations ahead of Trump return
US President Joe Biden announced a "historic" $4 billion pledge for a World Bank fund that helps the world's poorest countries, the White House said Monday, before Donald Trump takes office with a new cost-cutting agenda.
Biden to announce 'historic' pledge to World Bank fund for poorest countries, advisor says
U.S. President Joe Biden is set to announce a 'historic' pledge to replenish the World Bank's International Development Association fund aimed at the world's poorest countries, U.S. deputy national security advisor Jonathan Finer said on Monday.
Biden gives billions to the World Bank before Trump takes over
Joe Biden is attempting to give the World Bank billions of dollars before Donald Trump takes over and wields a machete to international development funds through his America First agenda.
Watch: "From One Indian To Another," World Bank Chief's Joke Leaves Modi, Macron In Splits In Brazil
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World Bank: Lebanon’s war-inflicted losses reach $8.5 billion
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Australian Associated Press13d
World Bank is not missing $41 billion in climate funds, despite claims
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Biden set to meet with world leaders who have already moved on to Trump
When President Joe Biden’s aides were planning his visit to South America this week for a pair of leaders’ summits, two ...
US hits Israeli settler group with sanctions over West Bank violence
The United States imposed sanctions on Monday on Israeli settler group Amana, accusing the organization of helping perpetrate ...
World Bank fears budget cuts from Trump White House after losing track of $24B: ‘Running around like headless chickens’
The Washington, D.C.-based lender is worried the new administration’s austerity axemen, Elon Musk and Vivek Ramaswamy, could ...
Israel-Hezbollah Conflict Cost Lebanon $8.5 Billion, World Bank Says
DUBAI (Reuters) - The World Bank said on Thursday the ongoing conflict between Israel and Hezbollah has caused $8.5 billion ...
EconoTimes2d
World Bank in Turmoil: Officials Scramble After Losing $24 Billion in Climate Funds Under Trump’s Budget Ax
The World Bank is reportedly in chaos as officials grapple with fallout from revelations of $24 billion in unaccounted climate funds. The controversy has escalated fears of severe budget cuts from ...