One hundred billion dollars is the record amount that the World Bank (WB) will be able to release in the next three years to help the poorest countries, the international financial institution announced on Friday, December 6 in Seoul. at the end of a year of fundraising. Its subsidiary, the International Development Association (IDA), responsible for offering donations or very low-interest loans to 78 countries, mainly African, has in fact managed to collect nearly 24 billion dollars from donor countries. Funds that the World Bank will be able to multiply by leverage.
1 minute
THE African States were hoping for $120 billion. But with 100 billion dollars, the International Development Association of the World Bank is still refinanced at a record level. By borrowing on the markets, the international financial institution hopes to quadruple the $23.7 billion committed by donor countries, some of which have increased their contribution by 50%.
“ Adaptation to global warming »
An effort praised by the director of development policy and partnerships at the World Bank, Axel Van Trottenberg: “ We welcome the effort made by donor countries. Despite a difficult budgetary context, they mobilized resources forAID and continued support to the countries that need it most (…) These 100 billion will allow us to invest in health, education, infrastructure and adaptation to climate change. »
The largest source of climate financing, AID has deployed $270 billion in ten years, more than two-thirds of which in countriesAfricain the form of donations or loans, at zero or very low interest.
Environmental issuesIs climate financial aid a reality?