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World Bank: New Financing Tools Receive Major Funding Boost
April 20, 2024
WASHINGTON, April 20 -- The World Bank issued the following news release:

New financial instruments designed to boost lending capacity and enable the World Bank Group to take on more risk for shared global challenges have received a significant endorsement. A set of 11 countries announced commitments today for the Portfolio Guarantee Platform, hybrid capital mechanism, and new Livable Planet Fund totaling $11 billion.

The World Bank Group's unique leveraging capability . . .

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