Washington D.C. – The World Bank Board of Executive Directors today approved an International Development Association (IDA) credit of US$110 million in support of the implementation of Mozambique’s Second Action Plan for the Reduction of Absolute Poverty (PARPA II).

Midrand, South Africa – A study recently conducted in 24 African countries shows that the poor state of infrastructure in Sub Saharan Africa – its electricity, water, roads, and information and communications technology (ICT) – cuts national economic growth by 2 percentage points every year and reduces business productivity by as much as 40 percent.