In fiscal year 2013 the World Bank’s commitments for IDA, the World Bank’s fund for the poorest countries, and the Bank Group’s investments in private sector financing and political insurance guarantees were both at record highs. The Bank raised its growth forecast for developing countries for 2013 to 5.1% up from 5.0% in 2012. GDPs in developing countries are expected to strengthen in coming years as growth prospects increase even with contractions in the Euro Area. The World Bank’s FY13 commitments to agriculture and agriculture related sectors reached $8 billion. IBRD/IDA assistance to agriculture and agriculture related sectors increased from an average of 9% in FY10-12 to 12% in FY13. To read a more in-depth breakdown of the World Bank’s global FY13 commitments:
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