Ajay Banga visits an electricity plant financed by the World Bank in Yopougon, a suburb of Abidjan, Ivory Coast. Africa will be allocated 70% of the $100 billion that an arm of the World Bank has mobilized to provide affordable financing to the world’s poorest nations, which could help mitigate the impact of declining aid, one of the lender’s executives said. Most Read from Bloomberg “We have been very clear that the bank remains strongly committed to Africa,” Axel van Trotsenburg, the bank’s senior mana ...

This story was originally published on CFO.com. To receive daily news and insights, subscribe to our free daily CFO.com newsletter. First-time CFO Renuka Nayani credits her early experience as a consulting firm software developer with sparking her focus on financial inclusion. Through the Accenture Development Partnerships program, she consulted with the World Bank in Sri Lanka, where she saw the financial needs of emerging markets firsthand. Already planning to broaden her impact beyond technology, she en ...

The World Bank sold $510 million of bonds backed by loans it gave companies across the developing world, part of its efforts to lure more institutional investors to regions where borrowers have a harder time raising cash https://t.co/rUlirPrlGS ...

World Bank President Ajay Banga said the lender is exploring securitizing projects and more debt swaps to accelerate the pace of development https://t.co/ojJh4IEAnB ...

World Bank President Ajay Banga said Zimbabwe should stop trying to work out its debt problems on its own and approach the Group of 20 in a bid to find a way forward https://t.co/ZWTYGjcoCy ...

The World Bank's approach to funding a $5 billion dam in central Mozambique embodies its new approach to development https://t.co/F9p0GSCDQh ...

The World Bank plans to offer debt and equity funding, guarantees and political risk insurance to get a $6.4 billion Mozambican hydropower project off the ground https://t.co/ig2A9OsJlb ...

Trade Negotiations between US and South Africa - South Africa is developing a document, potentially a template, for trade negotiations with the US [1] - The current tariffs could put 100,000 jobs at stake [2] - The US has a surplus on the treaty side, requiring a balancing act to achieve equilibrium between the two nations [3] - The automobile industry and strategic areas may be affected by the trade deal [4] - Failure to reach a deal could result in job losses, with over 2,000 jobs potentially impacted down the value chain [5] - The primary concern is to finalize the trade deal by August 1st, or to secure an extension [6] Economic Concerns and Strategies - Losing a trading partner like the US could significantly impact the economy and increase unemployment [7] - South Africa recently obtained a loan from the World Bank [11] - A total loan of approximately 4 billion Rand is expected by the end of the year, staggered for municipalities and policy loop [13] - South Africa is open to issuing Eurobonds for financing [13][14] G20 and Global Issues - The hope is to achieve an agreement and emerge with a communique [7] - Sticking points in the G20 include sustainable finance and global imbalances [8][9] - The US's stance on climate change and climate finance is creating difficulties in the G20 debate [9] - Global imbalances are a sensitive issue, particularly concerning China [9][10]

An arm of the World Bank agrees to provide development funding for a transmission line to strengthen Mozambique’s grid https://t.co/4bsdshdWfp ...

Monetary Policy Outlook - The World Bank anticipates Thailand's monetary policy to become "more accommodative" in the current year [1] Economic Uncertainty - Mounting external and domestic uncertainty are factors influencing the expected monetary policy shift [1]