24 Feb 2017

World Bank to almost triple support to Pacific by 2019

From , 6:03 am on 24 February 2017

Pacific countries stand to benefit from an almost tripling of financial support from the World Bank to the region in its next development funding cycle, beginning in July.

The International Development Association, the bank's fund for the world's most in need countries, spent  $US360 million in the Pacific in 2015 and this will increase this to $US900 million next year.

World Bank vice president for East Asia and the Pacific, Victoria Kwakwa told Koroi Hawkins all of the bank's Pacific island partners will benefit from the increase.

Victoria Kwakwa

Victoria Kwakwa Photo: AFP