The World Bank allocates 70% of a $100 billion fund to Africa to provide affordable financing to the poorest nations. Aid to Africa declined by 1% last year, prompting the bank’s commitment. The International Development Association has deployed $290 billion in the past decade, with Africa as the biggest recipient.

The World Bank’s International Finance Corp. unit is exploring securitizing loans to increase lending capacity, with a $510 million deal secured last month. The bank aims to replicate last year’s debt-for-development swap success in Ivory Coast. Africa receives 45% of the bank’s resources, with over 70% of concessional loans going to the continent.

Read more at Yahoo Finance: World Bank’s $100 Billion Loan Facility Targets Africa