Senegal Seeks More World Bank Aid

Senegalese President Abdoulaye Wade urged the U.S., France and other developed countries to boost the resources of the World Bank group, including the International Development Association, which offers interest-free loans and grants to poor countries. With its investments in production systems and infrastructure, among other sectors, the Washington-based lender can be an important driver of Africa’s development, Wade argued during a meeting with World Bank Managing Director Ngozi Okonjo-Iwelea and Thierry Tanoh, the International Finance Corp.’s vice-president for sub-Saharan Africa, Western Europe, Latin America and the Caribbean.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.