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Sovereign Wealth Funds Briefing - Categorized | Investment

World Bank secures $500 mln for Africa, Latin America Fund

Posted on 01 February 2010

From Businessweek.com: The World Bank expects to secure $500 million in a first round of money raising for a private equity fund to co-invest in companies in sub-Saharan Africa, Latin America and the Caribbean, President Robert Zoellick said.
The International Finance Corp., the World Bank unit that lends to companies, will manage the fund, as well as a $200 million pool to invest “in systemically important banks” in Africa, Zoellick said. Investors are pension funds and sovereign wealth funds, according to the World Bank………………………………….Full Article: Source

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