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Biden pledges record $4bn to World Bank fund for poorest countries

  • Us president joe biden pledged a $4 billion us contribution to the world bank’s international development association fund for the world’s poorest countries, a senior biden administration official said on monday.
  • The new us pledge exceeds the $3.5bn washington committed in the previous ida fund replenishment round in december 2021.
  • A pledging conference for the world bank’s ida fund is scheduled for december 5-6 in seoul.
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