$8bn pledge to Horn of Africa.

Author:Dalby, Alexa
Position:DEVELOPMENT - Brief article
 
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World Bank Group: It has pledged $1.8bn for cross-border activities in a Horn of Africa Initiative to boost economic growth in Djibouti, Eritrea, Ethiopia, Kenya, Somalia, South Sudan, Sudan, and Uganda, in addition to its existing development programmes for the eight countries.

IFC: $600m from the IFC is included in the $1.8bn, to support investments for economic development. Another $200m is for guarantees against political risks from the Multilateral Investment Guarantee Agency.

European Union: $3.7bn until 2020, of which 10% would be for cross-border...

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