World Bank’s $100 Billion Loan Facility Targets Africa

Group 1 - The World Bank has mobilized $100 billion to provide affordable financing to the world's poorest nations, with Africa receiving 70% of this allocation [1][4]. - The World Bank's International Development Association has deployed $290 billion towards upliftment projects over the past decade, with Africa being the largest recipient [4]. - Official development assistance to Africa fell by 1% to $42 billion last year, with further declines expected due to cuts in US funding and shifts in European aid priorities [3]. Group 2 - The World Bank aims to leverage a total of $100 billion in financing, with $24 billion committed last year for replenishing the association's funding, although some donors have scaled back their pledges [4]. - Almost 45% of the World Bank's resources are directed to Africa, with over 70% of concessional loans allocated to the continent [4]. - The World Bank is seeking to securitize loans to enhance its lending capacity, having secured an initial $510 million deal last month [4].