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World Bank pledges $1.2b to improve East Africa Community infrastructure

The World Bank has said it will provide $1.2 billion to support infrastructure development and improve the competitiveness of the East African Community (EAC) states.

It will also through private sector affiliates - International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA) - provide additional resources for regional infrastructure through market-driven private sector financing and guarantees.

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