Friday, November 19, 2021
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Op-Ed: Global leaders are funding a historic COVID response for the world’s poorest countries, but will it reach those who need it most?

Far from the limelight, global leaders are on the cusp of striking a historic and unprecedented financing deal for spurring pandemic recovery through the World Bank’s International Development Association (IDA), a mechanism overseen by 173 governments that aims to reduce poverty by providing low-interest loans and grants for programs that boost economic growth, reduce inequalities, and improve people’s living conditions. A whopping $90-100 billion is on the IDA negotiating table in 2021 to help the world’s poorest countries rebuild from the pandemic over the next three years.

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