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Bonds News

CORRECTED-World Bank says 23 African leaders call for $100 bln IDA replenishment

(In headline and first sentence, corrects number of countries in declaration to 23, not 13)

WASHINGTON, July 15 (Reuters) - The World Bank said that 23 African leaders on Thursday called for a largest-ever $100 billion replenishment of the International Development Association, the development lender’s fund for the world’s poorest countries.

The leaders set the goal in a joint declaration after a summit meeting in Abidjan, Ivory Coast, the World Bank said in a statement.

The bank in April had accelerated its process for a twentieth replenishment of IDA after the fund provided massive assistance to help countries deal with the COVID-19 pandemic. (Reporting by David Lawder Editing by Chris Reese)

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