Vunderkind
Social Member
The World Bank has finally approved a Country Partnership Strategy (CPS) for Nigeria which would increase its development assistance to the country for job creation, social service delivery and governance to about $2 billion per year through the International Development Association (IDA) and International Bank for Reconstruction and Development (IBRD) financing window.
But the bulk of the new financing program which covers the period of 2014 to 2017 will focus on increasing Nigeria’s installed power generation and transmission capacity as well as helping to improve the efficiency and governance of electricity delivery in the country.
The CPS was announced by the bank weekend in Washington and it introduces a change in Nigeria’s borrowing status.
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Source: ThisDay Live