Trump's budget includes $3.2 billion for World Bank's fund for poorest countries


FILE PHOTO: Vehicles pass in front of the World Bank building, which houses the International Centre for Settlement of Investment Disputes, in Washington, D.C. on May 20, 2022. Picture taken with a long exposure. Picture taken May 20, 2022. REUTERS/Raphael Satter/File Photo

WASHINGTON (Reuters) -President Donald Trump on Friday asked Congress to approve $3.2 billion in contributions to the World Bank's International Development Association (IDA), which provides low- or zero-interest loans to the world's poorest countries.

International finance experts hailed the sum, to be paid over three years, as a welcome surprise, given recent worries that Trump could skip making any contribution to IDA.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Trump meets Vietnam leader, vows to remove Hanoi from restricted lists
Analysis-Supreme Court checks Trump's expansive view of executive power
Trump furious after Supreme Court upends his global tariffs, imposes new 10% levy
US says it struck vessel in the eastern Pacific, killing three men
1st LD: Trump says he will sign order imposing 10 pct global tariff
Tajikistan's population reaches 10.72 million
Switzerland takes men's curling bronze, Sweden, Switzerland set up women's final at Milan-Cortina
Coventry hails Milan-Cortina Games as 'truly successful'
Medal table at Milan-Cortina Winter Olympics on February 20
U.S. stocks close higher

Others Also Read