The WB has been pledged over 11 billion dollars to address global challenges.

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The WB has been pledged over 11 billion dollars to address global challenges.

On April 19th, the World Bank announced that 11 countries had pledged over 11 billion dollars in new mutual funds and hedge funds, designed to expand the bank's lending capacity by 70 billion dollars over a decade, to address climate change, pandemics and other global challenges.