Advanced economies pledge $11B
WASHINGTON, D.C.: A group of advanced economies have pledged $11 billion in new funding commitments to boost the World Bank’s lending capacity by up to $70 billion over a decade, the development lender announced Friday. The 11 countries — including the United States, Germany and Japan — committed the funds to three lending instruments designed […]
Tomas Kauer - News Moderator 
WASHINGTON, D.C.: A group of advanced economies have pledged $11 billion in new funding commitments to boost the World Bank’s lending capacity by up to $70 billion over a decade, the development lender announced Friday.
The 11 countries — including the United States, Germany and Japan — committed the funds to three lending instruments designed to increase capacity and allow the World Bank to take on “more risk for shared global challenges,” the bank said in a statement.
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