:format(jpg):watermark(cloudfront-eu-central-1.images.arcpublishing.com/ipmgroup/EF665FJJCNGHFFHRRMWR57UKMI.png,0,30,0)/cloudfront-eu-central-1.images.arcpublishing.com/ipmgroup/EYLK5JKBIRESRERWBNMB4RUL4U.jpg "World Bank announces $ 93 billion to finance poorest countries")
This is, according to a statement from the financial institution, the largest “replenishment” ever granted to IDA, which provides loans to 74 countries, most of which are in Africa.
IDA is an institution of the World Bank Group that helps the world’s poorest countries by providing grants and loans at low or no interest rates for projects and programs that stimulate economic growth, reduce poverty and improve the lives of poor people.
IDA has always been primarily funded by contributions from member states. Donors meet every three years to replenish its resources.
The replenishment announced on Wednesday is allocated for the period until July 2022.
IDA’s 19th funding round began in July 2020 a year early, given the crisis.
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:quality(80)/cdn-kiosk-api.telegraaf.nl/c9cfe8a4-5e41-11ec-b9e8-0255c322e81b.jpg "High inflation hangs over purchasing power as a shadow; especially retirees should be careful | Inland")