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World Bank Called Able To Meet Commitments; Third World Will Get Funds, Officials Say
- Article from:
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The Washington Post
- Article date:
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September 23, 1991
- Author:
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Copyright informationCopyright (null) The Washington Post. This material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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The World Bank has ample funds to meet future loan commitments
to the Soviet republics, and to boost existing aid programs in
Eastern Europe, without shortchanging its clientele in the Third
World, according to bank officials.
The assurances came as the World Bank released its annual
report, which outlines new lending commitments in the year that
began July 1, 1991, at between $23 billion and $25 billion, up from
$19.7 billion last year and $17.7 billion the year before.
The report stressed that "the centerpiece of the bank's work"
remains an effort to reduce poverty, supplemented by responses to
other global challenges, including reduction of debt and
environmental dangers.
In ...
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