Ireland to give 141 million euros to World Bank fund for poorest countries

FILE PHOTO: The World Bank logo is seen at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023. REUTERS/Elizabeth Frantz/File Photo

WASHINGTON (Reuters) -Ireland will contribute about 141.4 million euros ($161 million)to the World Bank's latest replenishment of its fund for the poorest countries, a 33.5% increase over the country's previous contribution, Finance Minister Paschal Donohoe said on Thursday.

The money will go to the International Development Association, which provides a lifeline for the poorest nations' struggles against crushing debts, climate disasters, inflation and conflict, as part of its latest replenishing round.