WB announces USD 57 billion financing for Africa

Luanda – After a meeting with the Finance ministers and central bank governors of G20 countries, the president of the World Bank (WB), Jim Yong Kim, announced last Sunday, in Germany, a financing of USD 57 billion for sub-Sahara African countries, for the coming three years.

According to a press note from the World Bank, which has reached ANGOP, after the meeting Jim Yong Kim left for Rwanda and Tanzania with aim of taking the message to the region, in terms of this WB financing project.

He said this represents an unprecedented opportunity to change the development trajectory of the countries in that region.

Jim Yong Kim went on to stress that with this compromise, his institution will work with customers to expand substantially programmes turned to the areas of education, basic health services, potable water, sanitation, agriculture, business environment, infrastructures and institutional reform.

This financing, he explained, will help African countries to continue growing, to create opportunities for their citizens and strengthen the capacity of resistance to crises shock.

Source: Angola Press News Agency