Economy and macroUpdated November 5

IFC's $22B Africa push hits shallow markets.

Africa has substantial financial wealth and domestic savings, yet most of it isn't reaching productive investment. That's the snag behind the IFC's $22 billion push: development finance needs deeper markets to bring more commercial capital into the picture. An official at the World Bank's private-sector arm said development lenders, governments and regulators need to deepen African markets. The goal, the official said, is for every dollar they deploy to potentially attract another $10 in commercial capital. The savings are already there; the challenge is making it easier for them to reach productive investment.

2 publishers2 reports

Coverage started November 5