World Bank says $52 billion pledged to help poorest

Rich and emerging-market nations agreed to commit a record $52 billion over three years to a World Bank fund to aid the world’s poorest countries, the bank said on Tuesday. The figure marks an increase of about 5 percent from the last time the International Development Association, or IDA, was topped up in 2010. “The fact that this generosity came during a very difficult economic period makes this pledge all the more significant,” World Bank President Jim Yong Kim told reporters on a call. The World Bank, a global development lender based in Washington, said the loans allow countries to increase their contributions to IDA in a tough economic environment, and amid strong demand for the funds.    

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