- Infrastructure development is being actively accelerated by governments throughout the continent in a number of different regions
- The World Bank’s lending arm, the International Development Association (IDA), has contributed more than US$287 billion in total
- With an emphasis on reaching isolated regions of the continent, the financing is intended to help development in the world’s poorest nations
Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.
With an emphasis on reaching isolated and underserved regions of the continent, the World Bank’s lending arm, the International Development Association (IDA), was founded in 1960 and has since disbursed over US$287 billion in finance to help development in the world’s poorest nations.
