Thanks to new financing instruments, the World Bank will be able to grant more loans to poorer countries to help them tackle climate change and other cross-border challenges. Financing commitments from several countries, including Germany, will increase the World Bank’s lending volume by an additional $70 billion over the next 10 years, the development bank announced in Washington on Friday. “We worked hard to develop these new financial instruments that boost our lending capacity, multiply donor funds, and ultimately allow us to improve the lives of more people,” emphasized World Bank Preside…