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World Bank: Loan Demand Rising as Developing Countries Face Headwinds

The World Bank said on Monday it expects its nonmarket rate lending to top $43 billion in the current fiscal year as developing countries face economic headwinds, bringing its total for the past four years to more than $150 billion. The multilateral lender said its International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) divisions are on pace to exceed the combined $42.4 billion reached in the fiscal year ended July 1, 2015. IBRD...

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