The government announced in a statement that Investment It will finance projects to enhance Economic growth Dealing with poverty and addressing its repercussions Climate change.
IDA, which primarily provides grants and very low-interest loans to the poorest countries, is renewed every three years. A pledging conference is scheduled to be held on December 5-6 in Seoul.
The head looks forward World Bank Ajay Banga has decided to raise a record amount exceeding the ninety-three billion dollars that were collected in December 2021, amid increasing demands from poor countries that suffer amid burdening debts, climate disasters, conflicts and other pressures.
US President Joe pledged Biden By making a contribution of four billion dollars to the foundation’s fund last week.
