African leaders call for increased concessional funding from World Bank's IDA

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African leaders call for increased concessional funding from World Bank's IDA

STORY: African leaders call for increased concessional funding from World Bank's IDA SHOOTING TIME: April 29, 2024 DATELINE: April 30, 2024 LENGTH: 00:05:43 LOCATION: Nairobi CATEGORY: POLITICS SHOTLIST: 1. various of the summit 2. SOUNDBITE 1 (English): WILLIAM RUTO, Kenyan President 3. various of guests 4. SOUNDBITE 2 (English): NANA ADDO DANKWA AKUFO-ADDO, Ghanaian President 5. SOUNDBITE 3 (English): SAMIA SULUHU, Tanzanian President 6. various of the summit STORYLINE: African leaders on Monday began a two-day summit in Nairobi, the Kenyan capital, by calling for increased concessional funding from the World Bank's International Development Association (IDA). The leaders called for a tripling of the financing capacity of the IDA, which supports low-income countries with grants and long-term low-interest loans for development, to 279 billion U.S. dollars by 2030. "Our proposal and request entail a vision for Africa-driven socio-economic development, executed with transparency and inclusiveness, and our

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