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MARRAKECH, Morocco - The World Bank on Friday said it is bolstering its collaboration with nine multilateral development banks (MDBs) to accelerate its vision of a world free of poverty on a livable planet.
It said measures already being implemented or under consideration by the MDBs could yield $300 billion to $400 billion of additional lending capacity to help developing countries confront "a perfect storm of intertwined crises — from climate shocks and conflicts to pandemics and surging debt."
(Reporting by Andrea Shalal; editing by Christina Fincher)