World Bank pledges $3.5 billion, cuts rates
The World Bank said it will give $3.5 billion to the world's poorest economies and will lower borrowing costs for poor and middle-income countries.
The funding will come through the 15th replenishment of the International Development Association (IDA). Robert Zoellick, the president of the Bank said: "By boosting its IDA pledge, the Bank is putting its money where its mouth is."
The Bank also said it will approve the biggest simplification and lowering of loan costs in nine years for low and
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com