Biden Pledges $4 Billion for World Bank Fund

A car crashed into a crowd of students outside a school in China, injuring several, amid heightened concerns over public safety following recent violent attacks. Concurrently, President Joe Biden has announced a significant $4 billion pledge to the International Development Association (IDA) during the ongoing G20 summit in Rio de Janeiro, aimed at supporting the world's poorest countries. This three-year commitment is part of Biden's efforts to bolster international development before the incoming administration of President-elect Donald Trump, who is expected to adopt a more cost-cutting approach. The IDA plays a crucial role in funding essential projects in health, education, and infrastructure in vulnerable communities. Biden's announcement reflects his administration's commitment to multilateral efforts in global poverty alleviation and climate change initiatives, as he seeks to solidify his international legacy. The funding will require Congressional approval, which may face delays due to the transition in administration.