World Bank

The World Bank is an international financial institution that provides loans to developing countries for capital programs. The World Bank Group has set two goals for the world to achieve by 2030: end extreme poverty by decreasing the percentage of people living on less than $1.25 a day to no more than 3%; promote shared prosperity by fostering the income growth of the bottom 40% for every country. According to its Articles of Agreement all its decisions must be guided by a commitment to the promotion of foreign investment and international trade and to the facilitation of capital investment.

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    • African Cities Diagnostic
      September 2012
      Source: World Bank
      Uploaded by: Knoema
      Accessed On: 21 November, 2014
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      The data contained in this general study of 31 African cities has to be considered with a degree of caution due to inconsistencies in definitions, measurements, and data collection methodologies. The inherent complexities of the sector, the difficulties in measuring institutional arrangements, and the validation of the data found added limitations to the data set.