World Bank Spurs Private Investment in Africa

The World Bank has allocated USD2 billion for private investment in Africa for fiscal 2009-2010, Post Zambia reports. The money is being channeled through the Internal Finance Corporation, the bank’s private-sector lending arm. IFC head Lars Thunnel said it is part of the World Bank’s commitment to draw more private-sector investments to the region.

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.