New loans by the World Bank will...
- Share via
New loans by the World Bank will reach a record $21 billion in the year ending June 30, up from $19.2 billion a year ago, bank officials predicted. The bank said $16 billion would go to the somewhat more prosperous countries that still need easy loans to raise their living standards. They pay interest at a variable rate, now 7.65% a year. More than $5.5 billion will go to the poorest countries from the bank’s International Development Assn. It makes loans at less than 1% interest.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
