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The project is backed by the African Development Bank, which finances development projects through loans and technical assistance, and also aims to create so-called diaspora bonds, which would enable people of African descent to invest in infrastructure spending.
Even if one takes the most miserable measurement of this, the finances, development NGOs, in the UK, spend around £6 billion a year.
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The new president should reverse this trend, and immediately affirm that financing development, rather than developing finance, is the Bank's top priority.
But Congress kept it alive by continuing to finance development.
The global context for financing development has changed.
Financing development is a big headache for donors and governments.
The Agency for International Development is the primary vehicle for the American government to finance development projects abroad.
The Japanese company is also financing development costs of Neo's Brazil project.
"A tax on air tickets to finance development programs already exists in some countries.
Such debts increased the difficulty of finding funds to finance development.
By financing development projects, the fund encourages investment of public and private capital in Arab economies.
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