Thailand has become a donor to the World Bank’s International Development Association (IDA), which aims to relieve poverty across the globe.
Thailand previously received assistance from the fund, but this is the first time the country has given cash to help less well off nations. Indonesia and Malaysia have also shifted from being fund recipients to being donors for the first time.
Thailand’s donation was announced at a two-day IDA meeting in Moscow which ended Tuesday. The meeting aimed to raise US$50 billion funds to spend on two goals - ending extreme poverty and promoting shared prosperity.
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