World Bank Group to Double Guarantees for Africa to Catalyze Investment, Create Jobs
United States, May 19 -- The World Bank Group Guarantee Platform, housed at the Multilateral Investment Guarantee Agency (MIGA),?aims to more than double its annual issuance of guarantees in Africa to $6.4 billion by 2030, aiming to improve the lives of around 190 million people over the next four years alone. Africa's working-age population is projected to grow by 740 million over the next three decades, with up to 12 million young people entering the labor force annually. Guarantees will play a critical role in attracting private capital into job-rich sectors including agribusiness, energy and infrastructure, health care, digital, finance, and trade, creating jobs and supporting Africa's ambitions to become a global engine of growth. New ...
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