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
(Bloomberg) -- 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 bln US contribution to World Bank fund for poorest countries
US President Joe Biden has pledged a $4 billion US contribution to the World Bank's International Development Association (IDA) fund for the world's poorest countries, two sources with knowledge of the commitment said on Monday.
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 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 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.
World Bank: Lebanon’s war-inflicted losses reach $8.5 billion
Crisis-ridden Lebanon has suffered physical damages and economic losses estimated at $8.5 billion during more than a year of ...
World Bank: Israel-Hezbollah war cost Lebanon $8.5 billion in physical damages, economic losses
The World Bank says the Israel-Hezbollah war has cost Lebanon $8.5 billion in physical damages and economic losses. Housing ...
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Nigeria, Ethiopia, Others Among Biggest Beneficiaries of World Bank Funding
Since its founding in 1960, the International Development Association distributed more than $287b in funding to support ...
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Hezbollah’s war with Israel cost Lebanon at least $8 billion — World Bank
Report says losses concentrated in commerce, tourism, hospitality and agriculture, in addition to damage to physical ...
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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 ...
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 ...