World Bank wins pledges for $100 billion replenishment of fund for poorest countries

Donor nations pledged a record $100 billion to the World Bank's fund for impoverished countries, exceeding the previous $93 billion. The fund will combat debt, climate change, inflation, and conflict through grants and low-interest loans. While short of the $120 billion goal, several countries increased contributions, including a $4 billion pledge from the U.S.