African leaders seek record World Bank financing to combat climate change

Pledges to a World Bank facility that helps developing nations fight climate change should be raised to at least $120 billion, says Kenya's President William Ruto. .

Donors will make their cash pledges to the International Development Association , a World Bank institution that offers loans with low interest rates and long tenures, at a conference to be held in Japan in December. IDA lending operates on a three-year cycle, which is usually preceded by donors making their contributions at a global meeting.

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