WASHINGTON (Reuters) - The World Bank said on Thursday that 48 governments have ratcheted up the fight against extreme poverty by committing USD75 billion in new funds to the International Development Association, the bank's fund for the poorest countries.
The change in withholding tax to 5 percent from 20 percent is going to be a game changer for the bond markets, says Jayesh Mehta, managing director & country treasurer, Bank of America.