Spain commits 400 million euros to World Bank fund for poorest countries


  • World
  • Friday, 25 Oct 2024

FILE PHOTO: Spain Minister of Economy, Trade, and Enterprise Carlos Cuerpo participates in a media interview at the International Monetary Fund (IMF) and the World Bank Group 2024 Fall Meeting in Washington, U.S., October 23, 2024. REUTERS/Kaylee Greenlee Beal/File Photo

WASHINGTON (Reuters) - Spain on Thursday announced plans for a contribution of 400 million euros ($433 million) to the World Bank's fund for low-income countries, a 37% increase over the previous International Development Association replenishment cycle.

The announcement, made on the sidelines of the IMF and World Bank annual meetings in Washington by Spanish Economy Minister Carlos Cuerpo, marked an early commitment ahead of a Dec. 6 pledging conference.

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