Denmark increases IDA funding to $491.7m, aiming for $100bn replenishment to assist low-income nations with debt.

Denmark has announced a $491.7 million contribution to the World Bank's International Development Association (IDA), marking a 40% increase from its prior commitment. This funding supports efforts to exceed a $100 billion replenishment goal by December, aimed at assisting low-income countries facing debt challenges. The announcement was made at the UN General Assembly, reflecting Denmark's commitment to global development and climate action.

September 23, 2024
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