The World Bank's Multilateral Investment Guarantee Agency (MIGA) has announced an initiative to increase its annual guarantee issuance in Africa to $6.4 billion over the next three and a half years. This strategic move aims to mobilize approximately $23 billion in private capital, which will be directed towards essential sectors across the continent. The expansion is part of a broader effort by multilateral institutions to enhance investment in Africa and support economic growth and development.
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