Huffpost Business

US No Longer Top Donor To World Bank

Posted: Updated:

The United States lost its status as the largest donor to the World Bank's main fund for poor countries, the lender said on Friday, as Britain pledged more in the latest funding round that secured a record amount of aid.

Losing its position as the top donor could weaken Washington's influence over the World Bank, which is the largest provider of development assistance to poor countries, and over the policies that decide how its cash is spent.

Read the whole story at Reuters