The Bank’s strategy for the region aims to support broad-based economic growth, promote higher levels of trade and integration within the region and with the global economy, enhance the environment for governance at both national and sub-national levels, increase social stability, and achieve the 2015 Millennium Development Goals.

To meet these goals, the Bank approved $4 billion for the region in fiscal year 2007, including $2.8 billion in IBRD loans and $1.2 billion in IDA credits and grants. Carbon Finance contracts totaling $29 million were signed in 2007. More