Financial Times FT.com

Donations show World Bank back in action

By Hugh Williamson in Berlin and Chris Giles in London

Published: December 14 2007 22:35 | Last updated: December 14 2007 22:35

Donor governments rallied behind Robert Zoellick, the World Bank president, on Friday to overcome divisions among shareholders over the institution’s leadership earlier this year and contribute to a record $41.6bn (€28.8bn, £20.6bn) replenishment for the bank’s concessional loans fund.

Following a donors’ conference in Berlin, the bank said that donor governments had raised a total of $25.1bn (£12.4bn, €17.4bn) for IDA 15, the 15th triennial replenishment of the International Development Association, which starts in July next year.

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