The World Bank has announced a $100 billion funding package to support the world’s poorest nations, with Africa set to receive the largest share. Roughly 70% of the funds — about $70 billion — will be directed to African countries, making the continent the main beneficiary.
This move comes at a time when traditional foreign aid to Africa is shrinking. Contributions from major donor nations fell by 1% last year to $42 billion, according to the OECD’s Development Assistance Committee. Analysts warn that aid flows could decline further, as European countries increase defense spending and the U.S. reduces overseas funding under the Trump administration.
While the World Bank’s injection of funds could help bridge Africa’s growing financing gap, questions remain about the sustainability of loan repayments, the conditions attached, and how effectively governments can absorb and deploy the resources.
Still, the commitment highlights the World Bank’s recognition of Africa’s pressing development needs and its determination to maintain financial support at a critical moment.
