Home > Economy > Demand for World Bank loans nears crisis levels | The Guardian

Demand for World Bank loans nears crisis levels | The Guardian

Demand for loans from the World Bank has reached levels unsurpassed outside of financial crises as developing countries struggle to cope with the weakness of the global economy.

Ahead of its half-yearly spring meeting in Washington later this week, the Bank said it expected to lend more than $150bn (£105bn) in the four years from 2013 – a period when global economic activity repeatedly failed to match expectations.

The Bank said its growth forecast of 2.9% for 2016 already looked under threat after a deterioration in the outlook since the start of the year, adding that it was increasing its financial help to both middle-income and the least-developed countries.

Source: Demand for World Bank loans nears crisis levels | Business | The Guardian

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