MONROVIA, LIBERIA -Liberia is among 48 Sub-Saharan African countries expected to benefit from a World Bank loan of about 50 billion United States dollars in 2020.
According to a World Bank release, the 50 billion dollar lending to Sub-Sahara Africa is significantly more than loans from any other region,
The expected World Bank Loan makes up about one-third of the World Bank’s entire portfolio.
The release said the funds would be concentrated on projects and programs in areas such as agriculture, trade, transportation, energy, education, health, water and sanitation.
Meanwhile, the World Bank has announced that its Sub-Sahara Africa Regional portfolio will now be managed by two Vice Presidents, covering Western, Central, Eastern and Southern Africa, respectively.
The World Bank release further noted that an Egyptian and French national, Hafez Ghanem, would serve as Regional Vice President for Eastern and Southern Africa while a Mauritanian national, Ousmane Diagana, becomesVice President for Western and Central Africa.