Article: World Bank increases support to developing countries; World Bank Group approved $20.1 billion in financing in FY04.

M2 PRESSWIRE-21 September 2004-WORLD BANK: World Bank increases support to developing countries; World Bank Group approved $20.1 billion in financing in FY04(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:09172004

Washington - The World Bank increased its financial support to developing countries in the past fiscal year, helping them strengthen their economies and bring relief to their poorest citizens at a time of great anxiety and concern across the world.

In the fiscal year ended June 30, 2004, the World Bank approved loans and grants totaling $20.1 billion - an increase of $1.5 billion over the previous year - for 245 projects in developing ...

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