Governments pledge $75 billion to World Bank’s poorest countries fund

By David Lawder WASHINGTON (Reuters) – The World Bank said on Thursday that 48 governments have ratcheted up the fight against extreme poverty by committing $75 billion in new funds to the International Development Association, the bank’s fund for the poorest countries. The replenishment will enable IDA to scale up development interventions to tackle conflict, fragility and violence, forced displacement, climate change and gender inequality, the World Bank said. It also will help promote better governance and institution building and economic development, areas that the World Bank has targeted for the next three years.
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