WASHINGTON (AN) — Eleven wealthy countries pledged US$11 billion for World Bank efforts to help poorer nations deal with global challenges such as climate change, biodiversity losses and the threat of future pandemics.
Belgium, France, Japan, and the United States pledged to fund the bank's portfolio guarantee platform, which lets rich nations pay borrowers' debts. Denmark, Germany, Italy, Latvia, the Netherlands, Norway, and the United Kingdom made commitments to a hybrid capital instrument. Japan said it also would become the first donor to the bank's new Livable Planet Fund.
Sustainable Business & Finance — United States (U.S.) — Global Issues — World Bank Group — International Monetary Fund (IMF) — Belgium — France — Japan — Denmark — Germany — Latvia — Italy — Netherlands — Norway — United Kingdom (U.K.) — Barbados — Kenya — U.N. Framework Convention on Climate Change (UNFCCC) 1994
