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World Bank announces record $100bn support for world’s poorest countries

December 6, 2024

International development organisation says sum will be deployed to support 78 countries that ‘need it most’. The World Bank has announced that it has raised close to $24bn to provide loans and grants for some of the world’s poorest nations, which it can leverage to generate a record $100bn in total spending power. Donor countries committed $23.7bn to replenish the bank’s concessional lending arm, known as the International...

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