The World Bank has announced $57
billion in financing for sub-Saharan
Africa over the next three fiscal years.
As reveal by President of the World
Bank Jim Yong Kim, he said,
Of the $57billion, $45 billion will come
from the International Development
Association, the World Bank fund that
provides grants and interest-free loans
for the world's poorest countries.
The package will also feature an
estimated $8 billion in private sector
investments from the International
Finance Corporation, a private-sector
branch of World Bank, and $4 billion
will come from the International Bank
for
Reconstruction and Development,
thebank's unit for middle-income
nations.
Germany, which hosted a meeting of
the G20 countries Friday and
Saturday, said that a partnership
called "Compact with Africa" would be
a priority of its presidency this year of
that club of powerful nations.
Of all the countries in Africa, only
South Africa is a G20 member.


source http://www.trendsng.com/2017/03/africa-to-get-57b-from-world-bank.html?m=1