Africa: In Fight to Improve Lives of the World's Poor, World Bank Group Delivers Nearly $53 Billion in Support to Developing Countries in FY13

press release

The World Bank Group committed $52.6 billion in loans, grants, equity investments, and guarantees to help promote economic growth, increase shared prosperity, and fight extreme poverty in developing countries during fiscal year 2013, which ended on June 30.

Despite a difficult global economic environment, the commitments for IDA - the World Bank's fund for the poorest countries - were at an all-time high, and the Bank Group's investments in private sector financing and political insurance guarantees also were at record highs.

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