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World Bank plans to expand lending to poorer countries


Issue 488 - 21 Jul 2023 - By Dominic Dudley | 2 minute read

World Bank Group (WBG) president Ajay Banga announced a ‘portfolio guarantee programme’ on 17 July, on the last day of the G20 meeting in India, in a package of measures the Washington-based multilateral said was designed to increase its lending capacity, “stretch every dollar” and “drive impactful development and take more risk”.

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