The outgoing American president pledged this sum to the International Development Association (IDA) on the first day of the G20 summit in Rio de Janeiro.
Joe Biden announced a contribution on Monday “historical” four billion US dollars to a World Bank fund which supports the poorest countries, before the return to power of Donald Trump, determined to slash public spending.
The outgoing US president pledged the sum to the International Development Association (IDA) on the first day of the G20 summit in Rio de Janeiro, his last meeting with the world’s top leaders before leaving the White House in January.
“Historical” help
According to a senior American official, this is a contribution of “four billion dollars over three years”which does not commit the future government of Donald Trump. But he noted that Republicans, when in power in the past, also supported bailouts of the fund. Jon Finer, the Democratic president’s deputy national security adviser, spoke of aid “historical”assuring that Joe Biden would call “other leaders to enhance their own contribution”.
The IDA is an arm of the World Bank that helps the poorest countries on the planet. It grants loans and donations intended for programs against inequalities or in favor of the fight against global warming. Joe Biden is touring Latin America during which he hopes to highlight his international record before Donald Trump returns. On Sunday he was the first American president to visit the Amazon, where he defended his environmental policies.
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