World Bank Earmarks USD6 Billion Crisis Aid for Africa

The World Bank will allot more than USD6 billion to help Africa weather the current economic downturn, according to Oby Ezekwesili, the bank's vice president for Africa. The international lender, the

reported, will scale up its infrastructure investments in the region from USD600 million to USD3.6 billion while raising its agricultural spending to USD1.05 billion from USD430 million. "The World Bank is also interested in providing expert advice on road and railways construction and other things that can drive the economy,'' Ezekwesili added.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.