Syndicate content

international development association

From Senegal: A Road of Opportunity

Jim Yong Kim's picture

DAKAR, Senegal — One of the most important pieces in our new strategy is that all parts of the World Bank Group need to work together more closely. In Dakar, I visited a new toll road that has cut down commuters' travel time and shows signs of boosting economic development at various exits. The project was supported by IDA, our fund for the poorest, and the IFC, our private sector arm. Please watch to learn more.

Bank VP Obiageli Ezekwesili on the importance of the capital increase

Angie Gentile's picture

 
This weekend, shareholders gathered for the Spring Meetings in Washington, DC, will decide on a request to replenish the World Bank Group’s capital base. The request comes in the wake of unprecedented demands for the Bank’s financial assistance stemming from the global economic crisis.

In a recent speech at Harvard University, Africa Region Vice President Obiageli Ezekwesili outlined the importance of the capital increase as a critical source of funding for the International Development Association (IDA), the concessional window of the World Bank that provides grants and interest-free credits to low-income countries; the majority of which are in Africa. IDA will be seeking its 16th replenishment in 2011.