World Bank Releases $100 Billion Loan, Grant For Poorest Countries

World Bank Releases $100 Billion Loan, Grant For Poorest Countries …C0NTINUE READING HERE >>>

The World Bank has allocated approximately $24 billion in loans and grants to assist some of the most impoverished nations globally, which could generate an unprecedented $100 billion in overall spending capacity.

Henzodaily reports that the fund allocation was confirmed in a statement issued on Thursday by Ajay Banga, President of the World Bank Group.

According to Banga, donor nations have pledged $23.7 billion to replenish its concessional lending division, referred to as the…

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