World Bank chief takes swipe at Microsoft's $69 bln gaming deal as poor countries struggle - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games characters in this illustration taken January 18, 2022.

Malpass said during a Peterson Institute for International Economics virtual event that more capital needed to flow into poor countries, but these flows have been disrupted by unusually easy monetary policies in developed countries. This dwarfed the$23.5 billion in cash contributions agreed in December by wealthier donor countries to the International Development Association, the World Bank’s fund for the poorest countries –about $8 billion annually over three years, he said.

A very small portion of the developing world has access to such bond financing, while too much capital remains bottled up in advanced countries, especially in central bank reserve assets used to back long-term bond purchases, he added.

All Microsoft wants is money. we buy loptops ,computers but all for what to put them under our beds African countries are now worse than ever since covid

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