How World Bank and IMF loans are reshaping policymaking in Africa
The package combines conventional World Bank lending through the International Bank for Reconstruction and Development (IBRD) and concessional financing through the International Development Association (IDA), with reforms linked to governance, public finance, climate resilience, and social protection.
Nairobi, Kenya – For decades, multilateral lenders such as the World Bank and the International Monetary Fund (IMF) have provided developing countries with financing that is often cheaper than commercial borrowing, particularly through concessional lending windows.
According to the World Bank, the funding is intended to support governance reforms, public financial management, social protection, and livelihoods for refugees and host communities.
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