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


  • World
  • Tuesday, 19 Nov 2024

U.S. President Joe Biden delivers remarks during an event launching the Global Alliance Against Hunger and Poverty at the G20 Summit at the Museum of Modern Art in Rio de Janeiro, Brazil on Monday, Nov. 18, 2024. Eric Lee/Pool via REUTERS

WASHINGTON (Reuters) -U.S. President Joe Biden pledged a $4 billion U.S. contribution to the World Bank's International Development Association fund for the world's poorest countries, a senior Biden administration official said on Monday.

Biden announced the three-year U.S. pledge during a closed session of the Group of 20 summit in Rio de Janeiro, the official told reporters, adding that the U.S. Treasury was leading negotiations at the World Bank for the IDA replenishment.

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Trump aide Waltz says U.S. needs Ukrainian leader who wants peace
Turkey's Kurds say PKK militants heeding jailed leader's peace call is the right move
Israeli colonists storm Al-Aqsa Mosque on second day of Ramadan
Austrian liberals' vote removes last obstacle to coalition government
Ukraine condemns IAEA nuclear plant visit via Russian-occupied territory
Exclusive-Germany weighs special funds for defence and infrastructure, sources say
Russia praises Trump and scolds Europe for being the crucible of war
Cargo plane makes emergency landing at New Jersey airport after bird strike, engine fire
NGO's newspaper ad asks Americans for donations after Trump's drastic aid cuts
Oscars take the stage on Sunday with best picture up for grabs

Others Also Read