93 billion USD support package to boost poorest countries

KATHMANDU: The World Bank today announced a 93 billion US dollars replenishment package of the International Development Association (IDA) to help low-income countries respond to the COVID-19 crisis and build a greener, more resilient, and inclusive future.

The financing brings together 23.5 billion USD of contributions from 48 high and middle-income countries with financing raised in the capital markets, repayments, and the World Bank’s own contributions.