International Development Association

World Bank launches a $100bn fund for poor countries

December 6, 2024December 6, 2024Business Barometer

The World Bank has raised close to $24 billion to provide loans and grants for some of the world’s underdeveloped nations, which it can leverage to generate a record $100bn in total spending power. Donor countries committed $23.7bn to replenish the bank’s concessional lending arm, known as the International Development Association (IDA), a World Bank […]

The problem with poverty, climate change and economic inequality

December 4, 2024December 6, 2024By Barometer Correspondent

With the 21st “replenishment pledging” conference by the International Development Association (IDA) opening Thursday, December 5, in Seoul, South Korea, leaders across Africa call for global cooperation to address the intertwined crises of poverty, climate change, and economic inequity. The association hopes to spend $120 billion in addressing urgent global needs, and will bolster the […]