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World Bank donates billions to struggling countries in crisis

The World Bank has announced it donated a record $US58.8 billion ($A72.98 billion) in the 2009 fiscal year to help struggling countries cope with the global economic crisis.

The commitment marks a 54 percent increase on the previous year, fuelled by a staggering amount of requests for assistance.

Commenting on the donation, World Bank president Robert Zoellick said: “’Millions of people are still suffering, and we must continue to help countries safeguard priority expenditures, including on essential infrastructure, investment in human capital, and social safety nets.”

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Jessica Stanic

Jessica Stanic

Jessica has a background in both marketing and journalism and is dedicated to making the website the leading online resource for small to medium businesses with ambitions to grow.

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