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Helping East Africa attract investment in priority sectors

Axel van Trotsenburg's picture
Also available in: 中文 | Français | العربية | Español
© Sarah Farahat/World Bank
© Sarah Farhat/World Bank

This month’s Development Finance Forum is bringing together public and private sector leaders to talk about how we can drive more private finance in three sectors that are key to development in East Africa: agribusiness, housing finance and tourism. The region’s leaders see these as critical to sustained growth, job creation and long-term economic transformation for their countries.

The World Bank Group sponsors the Forum annually to connect key stakeholders who, by working together, can change the investment landscape in the least developed countries. We aim to pinpoint what each major player can contribute, as well as explore promising ideas, initiatives and partnerships that need an extra impetus to succeed. It’s an exciting time to be an investment partner in the region with its extremely dynamic economies and a lot of innovation taking place.

IDA 18: Off to a strong start, as demand continues to grow

Axel van Trotsenburg's picture
Also available in: Español | Français | العربية


We are now a year into implementation of IDA18, the three-year funding cycle for IDA, the arm of the World Bank Group that provides financing to the poorest countries. And IDA is off to a strong start. Total commitments reached $24.0 billion this year, more than double the average of the first year in IDA15 and IDA14. This is also over 40% higher than the average volume we saw for the first year of IDA16 and IDA17.

Part of the growth springs from how we set up IDA18, in response to calls from the G20 and international community for the World Bank Group to innovate in every way we can to help achieve the world’s Sustainable Development Goals for 2030.  And despite extraordinary global challenges, our donors agreed to provide $27 billion in grant contributions to support IDA18’s $75 billion financing to client countries. 

Africa’s partnership with the G-20: Compact with Africa in 2018

Jan Walliser's picture
Also available in: العربية | Français
Expansion of the Azito Thermal Power Plant, in Côte d'Ivoire, will improve access to electricity for Ivoirians and help sustain the country's economic growth. © Cedric Favero/IFC
Expansion of the Azito Thermal Power Plant, in Côte d'Ivoire, will improve access to electricity for Ivoirians and help sustain the country's economic growth. © Cedric Favero/IFC


Editor's Note: Below is a viewpoint from Chapter 6 of the Foresight Africa 2018 report, which explores six overarching themes that provide opportunities for Africa to overcome its obstacles and spur inclusive growth. Read the full chapter on the changing nature of Africa's external relationships here.

Germany’s presidency of the G-20 in 2017 introduced a new initiative for supporting African countries’ development: the G-20 Compact with Africa. The compact brings together interested African countries with the World Bank Group, the International Monetary Fund, the African Development Bank, and other multilateral and bilateral partners to develop and support policies and actions that are essential for attracting private investment. To date, 10 countries have signed up for the initiative and outlined their aspirations and reform programs under a framework adopted by the G-20 finance ministers in March 2017. 

Sharing the future of open access

Elisa Liberatori Prati's picture


On October 26, as part of the World Bank’s celebration of the 10th International Open Access week, I moderated a panel discussion on behalf of the Bank and the Scholarly Publishing and Academic Resources Coalition (SPARC). Experts shared their experiences, success stories, and identified remaining challenges in advancing Open Access. External participants and Bank Group staff were invited to the event, which was also live-streamed and recorded

Building an #EndPovertyMosaic – Together

Mario Trubiano's picture
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© World Bank


Every October, the World Bank Group and International Monetary Fund (IMF) come together for our joint Annual Meetings. There, thousands of delegates from around the globe convene to discuss the world’s most pressing challenges in the quest to End Poverty.

These discussions, covering dozens of sectors in every region of the world, offer many innovative solutions that affect millions – if not billions – of people globally. Looking back, all the small gains from many initiatives from 1990 to 2013 led to a reduction of global extreme poverty of more than one billion people.