Multilateraldebtrelief undertaken bytheWorldBank, the InternationalMonetaryFundandthe AfricanDevelopmentBankwill bring about the fullcancellationof $50 billion of debt over 40years.
These GIIRS Pioneer Investors are a diverse group of global private equity investors and credit providers, including mainstream global financial institutions, foundations, family offices, leaders in social finance, and a multilateraldevelopmentbank.
The fellowship, which is a partnership with three multilateral organizations- the African DevelopmentBank (AfDB), the United Nations Economic Commission for Africa (UNECA), and the World Trade Organization (WTO), will provide three ambitious African professionals with an opportunity to gain first-hand experience at the highest levels of the multilateral organizations and gain insights into the process of policy making.
The 14 winners selected from that pool will now share more than a half a billion dollars from the United States, Canada, the Republic of Korea, the Inter-American DevelopmentBank, and the Multilateral Investment Fund.