Romania joins efforts to help world’s poorest countries

On Saturday, Liviu Voinea, Minister Delegate for Budget, officially signed Romania up in the International Development Association (IDA), a member of the World Bank (WB) group that aims at helping the poorer countries of the world face development challenges in various sectors, such as climate changes, economic growth, or gender equality, according to a WB press release issued yesterday and cited by ‘Bursa’ newspaper.
Romania has thus become the 173rd member of IDA, a world coalition fighting against extreme poverty. Laura Tuck, vice-president of the World Bank for Europe and Central Asia, and Joachim von Amsberg, vice-president of the WB, attended the event. Our country’s membership to IDA “underlines the increasingly more important role emerging economies play in helping poorer countries develop, by capitalizing on their resources, knowledge, and experience to reduce poverty levels,” the World Bank press release notes further.
The delegation led by Liviu Voinea attended the International Monetary Fund (IMF) and World Bank Spring Reunion, taking place between April 8 and April 13.
The International Development Association is the World Bank’s main instrument in putting an end to extreme poverty and supporting the common well-being of the world’s 82 poorest countries, where close to 1 billion people get by on less than USD 1.25 per day. In December, despite the financial difficulties experienced by a number of states, the global community decided to allot a record finance for IDA – USD 52.1 billion.

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