Reported 12 months ago
The World Bank has launched a new program to increase investment guarantees to $20 billion by the end of the decade, aiming to attract trillions of dollars in investments for development and climate projects in poor countries. The initiative, hosted by the Multilateral Investment Guarantee Agency, will offer credit guarantees, trade finance guarantees, and political risk insurance, supporting goals such as providing electricity to 300 million Africans by 2030 and promoting renewable energy sources like solar and wind in countries such as India and Indonesia.
Source: YAHOO