Ireland hikes its contribution to fund for poorest nations

Ireland hikes its contribution to fund for poorest nations

Ireland will contribute about €141.4m to the World Bank’s latest replenishment of its fund for the poorest countries, a 33.5pc increase over the country’s previous contribution, Finance Minister Paschal Donohoe said yesterday.

Ireland to contribute €141m to World Bank's development institution - up 33.5% on previous commitment

The bank’s International Development Association provides grants and lends money on highly concessional terms to the world’s poorest countries.

Ireland to give $161M to World Bank fund for poorest nations

Ireland will contribute $161 million to the World Bank's latest replenishment of its fund for the poorest countries, a 33.5% increase over the country's previous contribution, Finance Minister Paschal Donohoe said,