Africa Business News of Friday, 20 August 2021Source: punchng.comThe World Bank has disclosed that Nigeria and 19 other countries benefitted from about $2.69bn guarantees between 2020 and 2021. The guarantees were issued under the COVID-19 Fast Track Facility. This was contained in one of the newly released FY21financial statements of the bank, precisely the Multilateral Investment Guarantee Agency’s financial statement. The facility was geared towards supporting private sector investors and lenders in emerging markets and developing economies, and was structured around the following three pillars,” it stated. Nigeria and the other countries benefited under the second pillar with guarantees totaling $1.127bn in FY20 and $1.563bn in FY21.

Source: GhanaWeb August 20, 2021 21:45 UTC