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On August 10, the White House submitted a $40.1 billion emergency supplemental request to Congress that includes $2.25 billion for the World Bank. The request for the Bank is well balanced: it would provide $1.25 billion to support “global challenges” (a more politically palatable term than climate change, which is nowhere to be found in the request) and $1 billion in emergency funding for the poorest countries reeling from the impacts of global interest rate hikes and the war in Ukraine. The $1 billion request would support IDA, the World Bank facility that supports the poorest countries, and sends an important signal that the Administration is not going to seek funding for middle income countries (MICs) at their expense.

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