The World Bank has announced nearly $24 billion loans and grants for some world’s poorest nation’s, which it can leverage to generate a record $100 billion in total spending power.
In a statement signed by the World Bank Group’s President, Ajay Banga, says donor countries committed $23.7 billion to reload its concessional lending arm, known as the International Development Association, IDA.
This year’s support is slight increase from the roughly $23.5 billion pledged during the last fund raising round three years ago.
-9News Nigeria.
