World Bank Increases Lending to Sub-Saharan Africa

World Bank lending to Sub-Saharan Africa rose by 36 percent to $9.9 billion in fiscal year 2009, up from $7.3 billion in fiscal year 2008. The sharp increase, which made Africa the largest recipient of World Bank aid, is primarily attributed to the global economic crisis, according to

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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.