World Bank Secures Record $100 Billion for Poorest Nations

The funding, raised through donor contributions and financial leverage, will support 78 low-income countries in areas like health, education, and climate resilience.

• Donor nations pledged $23.7 billion to the World Bank's International Development Association (IDA), enabling it to leverage a total of $100 billion for grants and loans.
• The funding will assist 78 of the world's poorest countries, addressing challenges such as debt, climate disasters, inflation, and conflict.
• The IDA replenishment surpasses the previous 2021 total of $93 billion but falls short of the $120 billion some developing nations had sought.
• Approximately two-thirds of the funding is expected to support African nations, with investments in infrastructure, health, education, and climate adaptation.
• Major contributors include the United States, which pledged a record $4 billion, alongside increased commitments from countries like Norway, South Korea, and Spain.

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