Biden pledges record $US4 billion to World Bank fund for poorest countries
Washington DC, US Reuters US President Joe Biden pledged a $US4 billion US contribution to the World Bank’s International Development Association fund for the world’s poorest countries, two sources with knowledge of the commitment said on Monday. Biden announced the US pledge during a closed session of the Group of 20 summit in Rio de […]
Debt burden threatens poor countries’ development goals, UN official says
Hamburg, Germany Reuters The world’s poorest countries are having to prioritise debt service over investments, United Nations Development Programme administrator Achim Steiner said on Monday, scuppering progress towards their Sustainable Development Goals. Speaking at an event in Hamburg, Steiner said the financial crunch meant countries worldwide were struggling to meet the goals – a set […]