Germany to contribute 10 mln eur to World Bank trust fund, finmin says
ReutersJul 17, 2025 6:30 AM
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)
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Coca Cola (KO) Q4 Earnings Preview: Look for the Upside in the AI Initiatives, not in the Revenue and the EPS
Coca-Cola (KO) enters its fourth-quarter 2025 earnings call tomorrow with significant momentum. However, a fundamental shift is occurring.TradingKey
5 hours ago
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion TreTradingKey
19 hours ago
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.TradingKey
Fri, Feb 6
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.TradingKey
Fri, Feb 6
