Financial and Banking News


Saudi Arabia Contributes $100mn to IBBD's Special Fund for Sub-Saharan Africa 

The Saudi Arabian government has agreed to contribute $100mn to the World Bank's Special Fund for Sub-Saharan Africa. The donation, to be paid over a three-year period, is being channelled through the Saudi Fund for Development (SFD). The Fund for Africa, now totalling $1.5bn, is supported by 18 donor states and has so far initiated 13 programs worth...