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World Bank, investors join in new infrastructure finance plan

from NSPS

The World Bank and private investors have announced a new financing venture that seeks to raise billions of dollars to help meet developing countries' huge infrastructure needs. The new public-private Global Infrastructure Facility (GIF), launched on October 9 at the bank's annual meeting in Washington, D.C., seeks to provide some of the estimated additional $1 trillion needed annually to address future infrastructure needs in developing nations through 2020. more

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