Funds will scale up investments and de-risk private sector participation for accelerated growth and development
BADEN BADEN, Germany, March 19, 2017— Following a meeting with G20 finance ministers and central bank governors, World Bank Group President Jim Yong Kim today announced a record $57 billion in financing for Sub-Saharan African countries over the next three fiscal years. Kim then left on a trip to Rwanda and Tanzania to emphasize the Bank Group’s support for the entire region.
The bulk of the financing – $45 billion – will come from the International Development Association (IDA), the World Bank Group’s fund for the poorest countries. The financing for Sub-Saharan Africa also will include an estimated $8 billion in private sector investments from the International Finance Corporation (IFC), a private sector arm of the Bank Group, and $4 billion in financing from International Bank for Reconstruction and Development, its non-concessional public sector arm.
smart technology – capable, cross-cutting and transformative – and apply them to the way we manage one of our most fundamental natural resources: forests.
are a highly visible part of the economy, selling all manner of products and services. In some ways, women are powering the economies of the continent to a greater degree than anywhere else in the world; Sub-Saharan Africa is the only region where women make up the majority of self-employed individuals. 
praise songs are widely used to capture the essence of the person or object being praised. In the Inyi village community in Oduma, in Nigeria’s Enugu State, the Fadama project has earned its own praise song.
Bank is hosting a series of seminars for the private sector. These focus on the practical implementation of the Procurement Regulations for IPF Borrowers, the new procurement documents, and enhanced procurement processes. A schedule of the seminars will be posted on the World Bank website soon.
Netherlands for the World Bank 
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