Donor countries have pledged a record $100 billion three-year replenishment of the World Bank's fund for the poorest nations, providing a vital lifeline for their struggles against crushing debts, climate disasters, inflation and conflict.
The World Bank made the announcement on Friday in Seoul at a pledging conference for the International Development Association (IDA), which provides grants and very low-interest loans to 78 low-income countries.
The total exceeds the previous $93 billion IDA replenishment announced in December 2021.
