US EditionDonohoe: Ireland to give €141m to fund for poor nations
- Ireland will contribute about €141.4 million to the World Bank for the poorest countries, a 33.5% increase, said Finance Minister Paschal Donohoe.
- The funding will support the International Development Association's efforts against debts, climate issues, and conflict for poor nations.
- World Bank President Ajay Banga warned that funding could drop to between US$80 billion and US$85 billion if the US and European countries cut their pledges.
- Executive Director Eric LeCompte from Jubilee USA Network urged the World Bank to act quickly on funding decisions for development aid.
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Donohoe: Ireland to give €141m to fund for poor nations
Ireland will contribute about €141.4 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, Minister for Finance Paschal Donohoe has said.
Ireland to give $200m to World Bank fund for poorest countries
WASHINGTON - 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. Read more at straitstimes.com.
World Bank urged to reduce equity-to-loan ratio to free up funds for poor countries
Given big cuts in development aid by Europe and the US, think-tanks and other groups are urging the World Bank to reduce the equity-to-lending ratio of its main lending arm to free billions in additional lending capacity.
The EU must protect development aid
Download the joint statement Caritas Europa joins civil society organisations in calling for a human rights-based and transparent aid system. Statistics for Official Development Assistance (ODA) provided in 2024 were recently released, indicating that total ODA fell by 7.1% in real terms compared to 2023, ending five consecutive years of increases. ODA flows to Africa continued to decrease, and ODA drops to Least Developed Countries were confirm…
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