The global development bank has seen a sharp increase in overall financing demand from developing countries – not just health related expenditure – during the pandemic, the bank’s managing director for operations, Axel van Trotsenburg, said.
He told reporters the World Bank had made nearly $100 billion in lending commitments since the outbreak of the crisis in early 2020, well above the normal level of just under $60 billion. High demand for financing was expected to continue well into 2022, he said.
(This story corrects typo in managing director’s name in para 2)
Source: Economy - investing.com
