The World Bank in Africa

Sub-Saharan Africa, home to more than 1 billion people, half of whom will be under 25 years old by 2050, is a diverse continent offering human and natural resources that have the potential to yield inclusive growth and eradicate poverty in the region. With the world’s largest free trade area and a 1.2 billion-person market, the continent is creating an entirely new development path, harnessing the potential of its resources and people.

The region is composed of low, lower-middle, upper-middle, and high-income countries, 22 of which are fragile or conflict-affected. Africa also has 13 small states, characterized by a small population, limited human capital, and a confined land area.

Economic growth in Sub-Saharan Africa (SSA) is set to decelerate from 4.1% in 2021 to 3.3% in 2022, as a result of a slowdown in global growth, rising inflation exacerbated by the war in Ukraine, adverse weather conditions, a tightening in global financial conditions, and the rising risk of debt distress. These trends compromise poverty reduction, already set back by the impact of the COVID-19 pandemic. Rising inflation is weighing on economic activity in SSA by depressing both business investments and household consumption. As of July 2022, 29 of 33 countries in SSA with available information had inflation rates over 5% while 17 countries had double-digit inflation.

In SSA, the high pass-through of food and fuel prices to consumer prices has caused inflation to soar to record highs in many countries, breaching the ceiling of central bank targets in most countries which have them. The vast majority of the population in Sub-Saharan Africa is affected by these high food prices as they allocate over 40% of total spending on food.

These economic challenges come at a time when countries’ ability to support growth and protect poor households is severely constrained. The fiscal deficit of the region expanded during the pandemic to 5.6% of GDP in 2020 (from 3.0% of GDP in 2019). In 2022, the deficit amounts to 4.8% of GDP due to consolidation efforts.

Debt is projected to stay elevated at 59.5% of GDP in 2022 in SSA. Eight out of 38 IDA-eligible countries in the region are in debt distress, and 14 are in high risk of joining them. African governments spent 16.5% of their revenues servicing external debt in 2021, up from less than 5% in 2010. Looking ahead, growth in SSA is projected to bounce back to 3.5% in 2023 and 3.9% in 2024. Excluding South Africa and Angola, the Eastern and Southern African subregion is expected to grow to 4.5% next year and 5.0% in 2024. In South Africa, the economy slowed to 0.2 % year-on-year in 2022Q2, from 2.7% in the previous quarter The economy is projected to grow by 1.9% this year, a downward revision of 0.2 percentage point relative to early projections in April. The Angolan economy is one of the major beneficiaries of favorable terms of trade which translate into real growth of 3.1% in 2022, from 0.8% the previous year. Kenya is set to grow 5.0% in 2023 (down from 5.5%) and back up to 5.3% in 2024.

Excluding Nigeria, the Western and Central Africa subregion is projected to grow at 5.0% in 2023 (up from 4.2%), and growth will firm in 2024 (5.6%). Real GDP growth in Nigeria is expected to slow from 3.6% in 2021 to 3.3% in 2022 as economic growth in the country continues to suffer from an underperforming oil sector. WAEMU countries are set to recover in 2023 from the slowdown in 2022 (4.9%), up to 6.4%, and firming further in 2024 to 7.0%. Growth in Côte d’Ivoire is projected to bounce back from 5.7% in 2022 to 6.8%. After slowing to 4.8% in 2022, growth in Senegal is projected to jump to 8.0% in 2023 and firm to 10.5% in 2024. In Cameroon, the economy will maintain its steady post-pandemic growth in 2023 (4.3%) and 2024 (4.6%), buoyed by investment and private consumption.

The looming threat of stagnation worldwide amid a landscape of multiple new and covariate shocks emphasizes the need for African policymakers to implement policies that accelerate structural transformation through productivity-enhancing growth and creating more and better jobs. Boosting agricultural productivity is essential to drive a growth-enhancing structural transformation process. Amid soaring food prices and supply constraints, policy makers need avoid making previous policy mistakes (bans or tariffs/taxes on exports and imports), and ensure international trade flows.

Last Updated: Dec 14, 2022

Two years into the pandemic, recovery in the region remains stymied amid multiple challenges such as the fallout of COVID-19 , food insecurity, global inflation, and climate shocks.  Countries in the region are being affected by the war in Ukraine primarily through higher global commodity prices, especially for wheat and energy, holding back growth in Sub-Saharan Africa.

 Our response efforts are focused around the following: addressing climate crises, food insecurity, and building resilience; protecting poor people; strengthening human capital; and creating jobs.

Addressing climate crises, food insecurity, and building resilience: The most pressing current crisis is food insecurity and the need to safeguard the calorie and nutrition needs of Africa’s one billion people. At least one in five Africans goes to bed hungry and an estimated 140 million people in Africa face acute food insecurity, according to the 2022 Global Report on Food Crises 2022 Mid-Year Update. The Horn of Africa is suffering from persistent drought and countries that depend on Russia and Ukraine for wheat and sunflower oil imports have seen prices skyrocket out of reach of ordinary people.

In response to these challenges, we are assisting countries to implement a range of short, medium, and long term actions with World Bank support, to cushion the blow on the poorest households and set African food systems on a more resilient and productive pathway.

Furthermore, without concrete climate and development action, Africa could see more than 90 million people moving within countries as a result of water stress, drops in crop productivity and sea level rise, compounded by storm surges by 2050. The World Bank Group is helping countries achieve climate and development breakthroughs, including for the key transitions – energy (including methane); agriculture, food, water, and land use; cities; transport; and manufacturing – that need to be transformed to make economies low-carbon and resilient. The Bank remains the largest financier for climate action reaching $22 billion in FY 2022; of which about $10 billion was from African countries – reflecting 36% of climate co-benefits. Adaptation financing was more than 50%.

We are also offering technical advice via a new diagnostic tool called the Country Climate and Development Reports (CCDRs). Developed in consultation with governments and key stakeholders, CCDRs analyze the connection between climate and development policies and identify concrete priority actions that support countries’ development goals and ambitions set out in their National Determined Contributions (NDCs).  In the Africa region, reports have been completed for:  Angola, Burkina Faso, Cameroon, Chad, Ghana, Malawi, Mali, Mauritania, Niger, Rwanda, and South Africa.

Protecting poor people: To protect poor and vulnerable citizens and cushion the impact of the crisis on their livelihoods, the Bank is helping African countries scale up and adapt social safety net programs and ensure food security by supporting farmers to expand agricultural production as well as sustain food supply chains. Since the start of the pandemic, more than $5.7 billion new financing has been approved for social safety net programs across the continent, including in Somalia, Togo, Niger, and the Democratic Republic of Congo. This boost to safety net programs is helping address chronic poverty through cash transfers and supporting those who lost their livelihoods following the pandemic. The World Bank Group  is deploying efforts  to address the drivers of fragility, conflict, and violence (FCV).Over the last few years, the Bank has strengthened its engagement in the most volatile situations, such as the Sahel and the Horn of Africa, facilitated by enhanced diagnostics, footprint, financing, implementation tools, and partnerships.

Strengthening human capital: Education is critical in the fight against poverty and inequality. In June 2022, the Western and Central Africa region launched an education strategy at a ministerial meeting in Ghana. This strategy was then endorsed by more than 40 ministers of finance and education, who also issued a joint call for action to expand reforms and build a regional coalition to improve education outcomes. Leaders from the African continent agreed to prioritize reforms to improve learning quality, increase girls’ participation in secondary education, and strengthen the basic skills and literacy of young adults.  Across the region, the World Bank Group supports the African Higher Education Centers of Excellence for Development Impact initiative, which has significantly expanded post-graduate education by enrolling more than 14,000 students, over 30 percent of whom are women; it has also provided more than 2,000 internships.

COVID-19 continues to be a threat in the region as long as vaccinations rates continue to remain low. The World Bank has taken fast action to help African countries strengthen their preparedness and health systems. As part of the global response since the start of the COVID-19 crisis, the World Bank Group has committed over $157 billion to address the impacts of the pandemic, which includes more than $39 billion for African countries to help them strengthen health systems and services, establish and expand social safety nets, and weather the economic impacts of the crisis. After a year of vaccine roll-out in 53 of the 54 countries of the African continent (Eritrea has no vaccine program so far), ensuring an adequate supply of affordable COVID-19 vaccines and proper deployment capacities are priorities for the region.

Creating jobs: Micro, Small and Medium-Sized Enterprises, which provide the majority of jobs, have been particularly hard hit across the region where informal firms dominate employment. Public works and urban programs in countries such as the Central African Republic and Kenya are being launched or scaled up to facilitate job creation in low income communities and to help increase access to livelihood support for extremely poor and vulnerable people like women and the youth. Meanwhile, the World Bank Group’s private sector arm, the International Finance Corporation (IFC), is working to increase financing for small businesses, develop digital infrastructure, help keep agriculture supply chains running, and enable local manufacturers to access working capital. The World Bank Group also continues to prioritize investments in digital economy.

Regional integration:  These new challenges, combined with the COVID-19 pandemic, have highlighted the importance of regional integration to Africa’s recovery efforts. It can help countries better coordinate in many ways, including on disease surveillance and response plans, regional trade, FCV, and private sector recovery. The Bank Group is committed to expanding our partnerships on regional cooperation and integration in support of Agenda 2063—a strategic framework to support inclusive and sustainable development in Africa. This will be achieved through our flagship projects, such as the implementation of the African Continental Free Trade Area Agreement, digital and energy integration, and trade facilitation.

Research and analysis: Knowledge is essential for governments to make better policies and institutions to make aid more effective. Our most recent regional studies can be found here, and analytical work by country is published on each country’s website.

Last Updated: Dec 14, 2022

Social Safety Nets

In Somalia, with World Bank support, the Baxnaano program  has provided a platform for the Federal Government of Somalia (FGS) to play a new and continuing role in social safety net provision to households facing chronic poverty and the aggravating impacts of multiple climate-related shocks. In the first two years of implementation, more than 1 million people (about 9% of the population) received nutrition-linked unconditional cash transfers to meet basic consumption needs. Baxnaano’s built-in shock-responsive features protected food security and livelihoods of additional 600,000 people from a major 2020 locust outbreak through temporary scale up of the regular program and delivery of emergency cash transfers. By laying the foundations of the first state-led social safety net system in Somalia, which enables rapid and effective shock response and caters to the needs of the poorest and most vulnerable, Baxnaano has worked to help restore citizens’ trust in state institutions and contribute to the FGS’ state-building efforts.

In Niger, The World Bank has been providing support to the government for almost 10 years for the development of an effective social protection system. The aim is to support the poorest households by providing monthly cash transfers in conjunction with other measures to strengthen human capital and develop productive activities. This program also helps households improve resilience and cope with unexpected shocks, such as those associated with climate change. The Adaptive Safety Net Project 2 “Wadata Talaka” (PFSA 2), which became effective on June 20, 2019, has directly benefited more than three million persons.

Adapting to climate change and building climate resilience

In 2020, the World Bank launched The Next Generation African Climate Business Plan (NG-ACBP), setting out an innovative blueprint to help Sub-Saharan African economies achieve low carbon, climate-resilient outcomes. Under the Plan, the Bank is channeling $22.5 billion to Sub-Saharan Africa for climate adaptation and mitigation from 2021–25. This complements the World Bank Group global Climate Action Plan, which sets a target for 35% of our financing to have climate co-benefits, on average, over the next five years and that 50% of this financing supports adaptation and resilience.  The NG-ACBP also underscores the World Bank’s efforts to support a green, resilient and inclusive recovery from the impacts of the COVID-19 pandemic while addressing the longer-term challenge of climate change in Sub-Saharan Africa.

In Nigeria, the Erosion and Watershed Management Project enhanced Nigeria’s capacity on the preparedness to respond to natural hazards, climate risks and natural disasters, which has led to about 2,201 hectares of the land area have been reclaimed in the immediate gully site micro-catchments as at June 2020, including reclamation and afforestation programs across northern states ; 16 States now have improved erosion risk maps, towards ensuring better-quality catchment management plans prepared for 31 sites across States. It has trained 185,000 local government officials and community members in land degradation management, soil and water conservation, catchment management planning, sustainable farming, waste management, and water harvesting. The project has also helped Nigeria’s government pioneer Green Bonds in Africa, raising $30 million in 2017 and $41 million in 2019.

In Malawi, the World Bank-financed Agricultural Commercialization Project (AGCOM) is helping markets work for smallholders who already operate commercially or are in transition to becoming commercial. A few years in, the results are promising - the benefits of investing in smallholder commercial agriculture, and the approach, known as “productive alliances”, is proving to be an effective way for smallholders to get organized and improve their productivity and sales. Part of this approach involves building and strengthening farmer organizations, allowing small-holder farmers in Malawi to seize market opportunities because as a group they are able to get more information, reduce costs, and reap the rewards that come from selling in volume. AGCOM’s productive alliances are also fostering job creation in Malawi. Opportunities for employment are crucial to buffer the impact of the looming food crisis and create opportunities for the 400,000-plus young people joining the workforce in Malawi every year. AGCOM has raised the expectations of smallholder farmers, agribusinesses, and government authorities.

Supporting inclusive governance and transforming economies 

Enabling efficient and inclusive delivery of services, such as judicial courts, waste management, water, electricity, ICT and safety nets, and building strong and accountable institutions and systems that are resilient to economic, social and environmental pressures are the foundations of the Bank’s work on governance and inclusion in Africa.

The $67 million Democratic Republic of Congo Strengthening Public Financial Management (PFM) and Accountability Project has been helping to improve domestic revenue mobilization, public expenditure management, and accountability, at central level and in selected provinces. Project support for the Inspection Générale des Finances (IGF), which includes the development of risk-based audit approaches, training for more than a hundred new staff, and the acquisition of IT equipment and audit applications, has helped IGF undertake effective financial investigations that are contributing to reining in corruption and misappropriation of public resources.

Burkina Faso instituted policy reforms between 2019 and 2021 to improve agricultural productivity and expand social protection. The reforms strengthened the resilience of farmers, herders, women, as well as all those disproportionately affected by shocks related to conflict, health, and climate change developments. Reforms to reduce deforestation aimed to help decrease desertification and foster biodiversity. Additionally, the Government improved its domestic revenue mobilization and enhanced public sector accountability. These reforms had the overall goal of benefitting the population more broadly, as additional resources became available for social programs.

The Mauritania Decentralization and Productive Intermediate Cities Support Project contributes to the development of selected intermediate cities in the South and East and technical support to the decentralization process. It is financed with $66 million from the International Development Association (IDA), and support totaling $5 million from the State budget. The project directly impacts (i) the population of the cities and surrounding rural areas of Rosso, Kiffa, Selibaby, Aioun, and refugees and host communities of the M’bera Camp, Bassikounou, Nema, and Adel Bagrou will get improved access to urban services or electricity from renewable energy sources; (ii) over 140 formal enterprises and 11,000 informal and social actors will have improved access to infrastructure and services to grow their businesses; and (iii) staff and elected representatives of local institutions whose capacity will be reinforced.

Empowering women and girls to boost Sub-Saharan Africa’s human capital

The World Bank's Africa Human Capital plan sets ambitious targets to boost Sub-Saharan Africa’s human capital—the knowledge, health and resilience of its people. To support these ambitions, the World Bank is investing over $34.2 billion across 228 human development projects in the region. Since the Africa Human Capital Plan launched in 2019—of which women and girls’ empowerment is a central tenant — the World Bank has approved over $11.5 billion in investments that champion women and girls. Together with governments, regional institutions, and development partners, the World Bank has expanded multi-sectoral programs with immediate and long-term solutions that invest in women and girls.

For example, the Sahel Women’s Empowerment and Demographic Dividend Project (SWEDD) works across the Sahel to improve the availability and affordability of reproductive health services, strengthen specialized training centers for rural-based midwives, improve nursing services, and pilot and share knowledge on adolescent girls’ initiatives, increasing their agency and productivity. SWEDD has so far reached more than 2 million girls in nine countries, beyond the Sahel region, with $680 million in Bank funding.

In Angola, the Strengthening the National Social Protection System Project, known locally as the Kwenda Project, has registered nearly 600,000 households across 18 provinces to receive cash transfers, of which about 60 percent are female headed. By 2023, 1.6 million households will be beneficiaries of Kwenda cash transfers which represents all poor households in the country. This would make Kwenda one of the largest cash transfer programs in Sub-Saharan Africa.

Stepping up to support regional integration in Africa

The COVID-19 pandemic has highlighted the importance of regional integration as a key element of Africa’s recovery efforts to better coordinate on regional disease surveillance and response plans, keep regional trade flows open, address fragility that could spill across borders, support private sector recovery, and much more. The current Regional Integration program supported by the World Bank amounts to over $16 billion, with over 90 projects. These are helping to (i) expand infrastructure to build greater regional connectivity in the key areas of energy, digital and transport; (ii) promote trade and market integration; (iii) support human capital development, particularly in the areas of health, education and women’s empowerment; and to (iv) reinforce resilience by helping to address climate-change related challenges and other cross-border risks and vulnerabilities caused by conflicts and insecurity. The World Bank Group is committed to scale up its partnership and support to strengthen regional cooperation and integration in Africa towards the Agenda 2063 and its flagship projects such as the implementation of the African Continental Free Trade Area agreement, digital and energy integration, and trade facilitation.

Expanding Access to Electricity and Digital Technology

Access to affordable, reliable, sustainable, and modern energy is essential to the development of Africa’s infrastructure ecosystem that includes sustainable transport systems and a robust digital economy. The World Bank is working to help safeguard Africa’s progress in the wake of the COVID-19 pandemic by supporting efforts that will expand and accelerate electrification in Eastern and Southern Africa and help their economies transition to low-carbon green economies that leave no one behind. For example, in Rwanda we have supported long-term, programmatic approaches throughout the last decade that has helped the country adopt an integrated electrification approach that allowed it to scale up rapidly both grid and off-grid electrification, and in both cases develop targeted interventions to make sure that electricity services are affordable for the poor, whether households are on- or off-grid.

The digital revolution is a historic opportunity for Africa to leapfrog into the fast-growing $11.5 trillion global digital economy, and bypass traditional economic stages. In fragile contexts, digital technology solutions can help deliver services to the poor when more traditional methods cannot, e.g., mobile money vs. more traditional solutions. It can help advance the creation of digital IDs and the “Identification for Development (ID4D)” which is also as a key accelerator for human capital. We are supporting the African Union’s goals to help countries transition to a digital economy, with a focus on skills, entrepreneurship, infrastructure, platforms, and financial services.

Energy access remains a challenge in Africa where one in three people are still without access to electricity. To address this challenge, the Bank is helping to increase access to affordable reliable and sustainable energy across Africa. Operations support grid extension and expansion of transmission networks, innovative off-grid electrification solutions, expansions of renewable generation capacity, development of regional power pools, and improvement of service efficiency. 

This year, the Rwanda Energy Access and Quality Improvement Project (EAQIP) will enhance the availability and efficiency of low-cost renewable energy and expand grid connections for residential, commercial, industrial, and public sector consumers. The project includes the World Bank’s largest clean cooking operation in Africa, and the first project co-financed by the recently launched Clean Cooking Fund (CCF), hosted by the World Bank’s Energy Sector Management Assistance Program (ESMAP).

The Ghana eTransform project supports digital entrepreneurship program through three tech hubs—the Ghana Tech Lab, the Ghana Innovation Hub in Accra, and the Kumasi Business Incubator in Kumasi. To date, they have helped boost entrepreneurial skills for over 11,000 young people. In total, 49 startups have been formed, and more than 1,200 businesses have been supported through access to workspace, mentoring and training. They also help individuals and teams with business ideas progress from the concept stage to entering the market. The project is inclusive. The Ghana Tech Lab alone has trained more than 5,400 youth in digital skills—half of whom are female.

Last Updated: Sep 12, 2022

The World Bank Group (WBG) leverages partnerships, knowledge, and financing instruments to further its twin goals of ending poverty and promoting shared prosperity. To address the overlapping crises impacting the region and deepen and accelerate support for African development, the WBG works in partnership with a broad range of actors, aligning objectives and exploiting synergies and comparative advantages.

Together with the G7 presidency, the World Bank has convened the Global Alliance for Food Security (GAFS) to catalyze an immediate and concerted response to the unfolding global hunger crisis, including increasing the supplies of food, fertilizer, and fuel, removing barriers to trade, and provide financial support to ease the impacts of this crisis. Partners contributing to the alliance include the African Union, the United Nations Global Crisis Response Group, the World Food Programme (WFP), the UN Food and Agriculture Organization (FAO), the UN International Fund for Agricultural Development (IFAD), as well as the International Food Policy Research Institute (IFPRI).

Efforts to vaccinate Africa against the COVID-19 pandemic and other diseases are ongoing. Through the Vaccine Acquisition Trust (AVAT), the African Union, the United Nations Children Fund (UNICEF), and the World Bank have helped the Africa Region acquire 293 million vaccines against COVID-19 and strengthen deployment processes throughout the continent, supporting the African Union’s target to vaccinate 70 percent of the continent’s population by 2023. Additionally, the World Bank has approved a $100 million support program for the Africa Centers for Disease Control (Africa CDC) as a specialized institution of the African Union Commission, aiming to enhance institutional capacity and strengthen its institutional framework to support African countries and regional economic commissions in preparing for, detecting, and responding to disease outbreaks.

Regional integration is a key priority for the Continent. The World Bank is working with the African Union Commission (AUC), the African Continental Free Trade Area (AfCFTA) Secretariat and UNECA to facilitate the implementation of the AfCFTA. The Bank also has strategic partnerships and collaborations with the Regional Economic Commissions (RECs), regional development banks and other regional bodies, including SADC, IGAD, EAC, COMESA, ECOWAS, UEMOA, CEMAC, ECCAS, BEAC, BOAD, and Trade and Development Bank, the Southern, Eastern and West African Power Pools and River Basin Authorities.

The World Bank Group is a founding member of the Sahel Alliance, along with France, Germany, the European Union (EU), African Development Bank (AFDB), and United Nations Development Programme (UNDP). The alliance coordinates development efforts and financing in Burkina Faso, Chad, Mali, Mauritania and Niger, to support resilient growth and stability in the Sahel. It aims to expand access to services and economic opportunities in the G5-Sahel countries. The WBG has scaled up its financial support to the G5 Sahel countries through the International Development Association (IDA) to support conflict prevention, resilience, and emergency responses, with IDA financing estimated to reach $6.5 billion for fiscal years 21-22. 

The Horn of Africa (HoA) Initiative is a partnership of the countries in the Horn represented by their Finance Ministers , supported by the African Development Bank (AFDB), European Union and the World Bank Group, for scaling up regional integration and cooperation on the priority pillars of infrastructure connectivity, trade and economic integration, resilience, and human capital. The Initiative has a priority package of $15 billion. The three development partners have financed over $7 billion on projects in the priority package. The Bank’s regional investments account for over $ 5 billion, in pandemic preparedness, transport, energy, digital development, groundwater, disease surveillance, regional value chains, livestock, and fragility. The World Bank will continue to strengthen this platform to support the Initiative with knowledge, analytics, and investments to foster regional cooperation as a model of green, resilient and inclusive development in the Horn of Africa.

The World Bank also supports countries in addressing forced displacement and refugees. Collaboration with the United Nations High Commissioner for Refugees (UNHCR), the International Organization for Migrations (IOM), the EU, the AUC, and the International Committee of the Red Cross (ICRC) underpins World Bank programs implementing a development approach to forced displacement and fragile contexts in the Great Lakes, Horn of Africa, Sahel, and Lake Chad countries.

We are stepping up support for digital transformation in Africa in collaboration with the AUC, AFDB, UNECA, GIZ, China, the French Development Agency (AFD), the UK Commonwealth & Development Office (FCDO), Japan International Coordination Agency (JICA), EU, European Investment Bank (EIB), Bill and Melinda Gates Foundation, the International Telecommunications Union, and Smart Africa. The Digital Economy for Africa (DE4A) initiative supports the operationalization of the AUC’s digital transformation strategy (DTS) 2020-2030 to ensure that every individual, business and government in Africa are digitally enabled by 2030. The World Bank has launched the Agile Regulation for Digital Transformation Capacity Building Program (A.Reg4DT) in partnership with GIZ and Smart Africa Secretariat to enhance the regulatory capacity for digital transformation and facilitate regional collaboration. The World Bank also supports accelerating the regional integration efforts for the digital market in Africa, and works closely with the RECs, including ECOWAS Commission, EAC, and IGAD, to strengthen their capacity to coordinate and advise their member countries in the region.

The World Bank has a long-standing partnership with Japan. Together with the AUC, the United Nations Office of the Special Adviser on Africa (OSAA), and the UNDP, the World Bank is a co-organizer of the Tokyo International Conference on African Development (TICAD).

In partnership with several donors, the trust fund portfolio of the Sub-Saharan Africa Region stands at $4 billion.  Top donors contributing up to 88% of this large volume include the EU, UK, Germany, Netherlands, Sweden, Denmark and Canada.  The portfolio includes key country umbrella programs (Somalia, Sudan, Zimbabwe, the multi-country Horn of Africa and Liberia).  It also includes a number of sector specific partnerships, spanning across the World Bank’s practice groups.  Social Protection & Jobs, Agriculture, Transport, Water, Energy & Extractives, Finance and Environment are among the top practices benefitting from these contributions.

The Africa Region also leverages the combined strength of the entire World Bank Group by working closely with the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) in energy, digital, agribusiness, water, transport, and other priority areas.

Last Updated: Dec 12, 2022