Newspaper article from our research archive:

World Bank Called Able To Meet Commitments; Third World Will Get Funds, Officials Say

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.

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