The figure is the culmination over the last year of President Ajay Banga’s drive to break the last funding round record, of US$93 billion built off US$23.5 in donations in 2021.
The World Bank received pledges to deploy a record of US$100 billion ($133.86 billion) via its unit focused on low interest loans and grants to the poorest nations.
The total figure to fund its International Development Association, whose resources must be replenished every few years, builds on pledges from donor countries announced this week totalling US$24 billion, the bank said in a statement.
