Development funds dash for donor cash at World Bank and IMF meetings (FT)

Policymakers at the World Bank and IMF spring meetings this week will grapple over more funds for debt-strapped nations and development goals as global crises stretch aid budgets. The International Development Association, the World Bank’s $200bn lending arm to the world’s poorest countries, is leading a wave of fundraising this year for “replenishment” of the equity that backs grants and loans needed to help countries struggling to pay back a decade of borrowing from China and bond markets. Click here to read the full article

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