What would make Sidi Ould Tah smile?, By Chinedu Moghalu
Alongside them, but outside the $11 billion replenishment, are offers of up to $2 billion in co-financing from the OPEC Fund and up to $800 million from the Arab Bank for Economic Development in Africa.
In Nigeria, a $200 million Bank loan for Project BRIDGE forms part of an $800 million sovereign package within a wider public-private financing plan estimated at $2 billion.
Reform will count only if projects are prepared and procured more quickly, first disbursements come sooner, portfolio performance improves and every dollar of Bank exposure draws in more outside capital.
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