New Partnership with Libya Focused on Economic Recovery and Improving the Lives of Libyans The World Bank Group has announced a new strategy of support for Libya focused on restoring key services to citizens and promoting economic recovery as a critical contribution to the ongoing peace process. Developed in response to a request from the […]
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World Bank looks to raise $500mln fund for Mideast region
The World Bank is hoping to raise a $500 million fund to invest in the Middle East and North Africa, saying the region’s needs in the wake of the Arab Spring uprisings are more than it can manage itself. International Finance Corp., a unit of the World Bank, is setting up the fund in addition […]
$5 billion injection to help cure local ills
With the dust still to settle after the chaos of the Arab Spring, many foreign investors are thinking twice about sinking their cash into the region. The International Finance Corporation (IFC), the private investment arm of the World Bank Group, is seeking to help make up the shortfall, however. It aims over the next three […]