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Germany to contribute 10 mln eur to World Bank trust fund, finmin says

Germany to contribute 10 mln eur to World Bank trust fund, finmin says

Reuters4 days ago
DURBAN, South Africa, July 17 (Reuters) - Germany will provide an initial contribution of 10 million euros ($11.59 million) to the World Bank trust fund this year with the support of the Compact with Africa, German Finance Minister Lars Klingbeil said on Thursday.
"We are convinced that this is a worthwhile investment and we will be very pleased to see other G20 members join us," he said in Durban, South Africa.
The Durban gathering of finance chiefs on Thursday and Friday unfolds against the backdrop of mounting economic pressures, particularly for African economies.
($1 = 0.8631 euros)
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