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Africa to benefit from $600m world bank loan

Africa  is to receive the sum of $600 as World Bank loan to enable it develop its  infrastructure  to the standards comparable with those in Europe and America.

The WB Vice-President, African Region, Mrs. Oby Ezekwesili, said at the 2009 Spring Meetings of the bank and the International Monetary Fund (IMF) in Washington DC, United States. (US) that  the bank effected similar increase on its investment on agriculture, increasing it from $430 million to $1.05 billion.