WASHINGTON – The World Bank has unveiled a new plan to help African countries strengthen their human capital. The World Bank will increase its investments in human capital in Africa by 50% in the next funding cycle. This includes new World Bank grants and concessional finance for human capital projects in Africa totaling $15 billion in fiscal years 2021-2023. The World Bank will invest these funds strategically to unblock structural constraints to human capital development. Twenty-three African countries, covering over 60% of the region’s population, have joined a coalition of nearly 60 countries to join the Human Capital Project, committing to a set of accelerated investments in their human capital.
Source: Front Page Africa April 11, 2019 13:52 UTC