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Finance

World Bank arm to make bond market debut

Institution turns to investors amid rising global insecurity

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  © Reuters

TOKYO -- The World Bank Group will issue debt for the first time to help fund aid to the poorest countries in an effort to prevent terrorism and instability from spreading through the most fragile regions of the world.

The International Development Association, an arm of the World Bank, envisions issuing around $20 billion worth of debt for the three years beginning in July this year.

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