Sub-Saharan Africa 'top priority for World Bank'
1 July 2011
During the 2011 fiscal year, the World Bank gave developing countries more than $57 billion (£35.6 billion) in support.
The financial institution has today (July 1st) released new figures showing its financial aid and stated that countries in sub-Saharan Africa remain its top priority.
Indeed, $9.4 billion was awarded to these nations during the period. One of the more recent cash injections announced yesterday was an additional $59 million awarded to Tanzania's Transport Sector Support Project, which was previously given $270 million in monetary aid.
The board of directors at the World Bank decided to approve extra funding to extend the apron and taxiways at Zanzibar International Airport in order to accommodate increased passenger numbers and to bolster tourism.
Commenting on the news, country director for Tanzania, Uganda and Burundi at the World Bank John Murray McIntire said: "We are pleased to continue supporting the transport sector, which remains an impediment to accelerating growth and welfare improvement in Tanzania."