International Development Association News
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The World Bank pledged $1 billion in new funding for the African Great Lakes region to help increase trade, expand road networks and boost electricity generation.
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Lawmakers in Sierra Leone have approved a $30.6 million grant from the International Development Association, a World Bank unit that provides interest-free credit for poor nations.
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Uganda will get a $120 million loan from the World Bank to improve and expand electricity supplies in the southwest of the country, the lender said.
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Cameroon will get a loan of 14 billion CFA francs ($28 million) for clean water from the World Bank’s International Development Association, said Louis Paul Motaze, minister of economy, planning and regional development.
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Vietnam secured $200 million in financing to help fund the government’s rural clean water and sanitation program in eight provinces in the Red River delta, the World Bank said.
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The World Bank’s International Development Association will lend Uganda $1.97 billion to support the East African nation’s five-year National Development Plan that runs until 2015, New Vision reported.
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The following is a reformatted version of a statement released today by leaders of the Group of 20 economies after talks in Seoul.
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The International Development Association will loan Uganda $120 million to finance plans to increase agricultural production over the next five years, the Agriculture Ministry said.
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Nigeria’s Senate, the upper chamber of parliament, approved plans for the central government and some states to borrow $1.14 billion from foreign development agencies, ThisDay reported.
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The World Bank would work to make a newly independent Southern Sudan a member “speedily,” paving the way for the undeveloped region to gain international financing it does not qualify for now, a top bank official said.
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