| 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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