WASHINGTON (Reuters) - The World Bank launched two new funds with expected financing of $55 billion over the next three years to try and ensure that infrastructure projects in developing countries do not dry up in the financial crisis.

The bank's Infrastructure Recovery and Assets (INFRA) platform and the Infrastructure Crisis Facility (ICF), managed by the bank's private sector financing arm, the IFC, are expected to focus for a large part on projects in Africa.

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Posted by boyang at April 25, 2009 1:26 AM