Biden Pledges $4 Billion to World Bank Fund for Poorest Countries

President Joe Biden announced a “historic” $4 billion pledge over the next three years to the World Bank’s International Development Association (IDA), aiming to bolster support for the world’s poorest countries. The announcement was made during a closed session at the G20 summit in Rio de Janeiro on Monday,  according to Reuters. “Now we need to make sure the World Bank can continue its work in the most vulnerable countries,” Biden said. “Right now, I’m proud to announce the United States is pledging $4 billion over the next three years for the World Bank International Development Association. “The IDA is the first responder in the world’s poorest countries. I encourage everyone around this table to increase their pledges in December.”...