Concessional loans and grants crucial for African growth, says World Bank economist

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According to Andrew Dabalen, Africa regional economist at the World Bank, concessional loans and grants will be essential for unlocking African growth in the near term, as private markets remain expensive and investment flows into sub-Saharan Africa continue to drop.

With private markets still too expensive, concessional loans and grants will be the key to unlocking African growth in the near term, says Andrew Dabalen, Africa regional economist at the World Bank .

While investment flows into sub-Saharan Africa continue to drop as global economic growth remains sluggish, access to concessional, affordable finance will be essential for economic development and sustainable growth on the continent, says Andrew Dabalen, Africa regional economist at the World Bank.Mining magnate Robert Friedland and the conquest of African subsoil

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Source: News Formal (newsformal.com)

Concessional Loans Grants African Growth Private Markets Investment Flows Sub-Saharan Africa World Bank

 

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