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.