African leaders seek record World Bank financing to combat climate change
AFRICAN leaders called for rich countries to commit record contributions to a low-interest World Bank facility for developing nations that they rely on to help fund their development and combat climate change. Donors will make their cash pledges to the International Development Association (IDA), a World Bank institution that offers loans with low-interest rates and long tenures, at a conference to be held in Japan in December. "We call on our partners to meet us at this historic moment of solidarity and respond effectively by increasing their IDA contributions... to at least $120 billion," Kenya's President William Ruto told a…