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World Bank’s $100 Billion Loan Facility Targets Africa
Yahoo Finance· 2025-09-13 06:40
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 ...