World Bank announces $57 bln in financing for Africa

Washington (AFP) – The World Bank on Sunday announced $57 billion in financing for sub-Saharan Africa over the next three fiscal years.
Of that total, $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,