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Russia to pay extra $587mln to WB development group - Putin

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MOSCOW, February 11 (RIA Novosti)-Russia is ready to pay the International Development Association up to $587 million extra, Vladimir Putin said Saturday.

"This money could be used to cover the so-called structural gap," the president told G8 finance ministers.

The IDA is part of the World Bank and helps the poorest countries lift themselves out of poverty by providing interest-free loans and grants to boost economic growth. It was set up in 1960.

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