Press Release
World Bank Group Directs $34.3 Billion in 2007 to Boost Growth and Overcome Poverty
September 04, 2007
WASHINGTON, September 4, 2007--During fiscal year 2007, ending June 30, the World Bank Group committed US $34.3 billion in loans, grants, equity investments, and guarantees to its members and to private business in its member countries – up $2.7 billion (7.8 percent) from fiscal year 2006. The recipients are using these funds in more than 620 projects designed to overcome poverty and enhance growth – for example, by improving education and health services, promoting private sector development, building infrastructure, and strengthening governance and institutions.
Contacts:
In Washington
Amy L. Stilwell
Phone: (202) 458-4906
Email: astilwell@worldbank.org
Geetanjali Chopra
Phone: (202) 473-0243
Email: Gchopra@worldbank.org