An executive from the World Bank recently relayed that an arm of the global lender has allocated $100 billion for the disbursement of aid, given the funding deficit that the poorest nations in the world are currently experiencing.

“We have been very clear that the bank remains strongly committed to Africa,” Axel van Trotsenburg, the bank’s senior managing director, said in an interview in Addis Ababa, Ethiopia’s capital.

According to preliminary statistics published in April by the Organization for Economic Cooperation and Development (OECD), official development aid (ODA) to Africa decreased by 1% to $42 billion in the previous year.

Even if the drop seems small, it represents increasing uncertainty for Africa's development funding as major donor countries change their objectives.

Following budget cuts by the current administration of the United States and a renewed focus by European countries on defense spending in the face of global security issues, more cuts in aid have been projected.

Africa's dependence on multilateral funding has increased as a result of donors reallocating funds to internal and geopolitical issues.

“Almost 45% of all our resources are going to Africa,” he said. “Over 70% of the concessional loans will go to Africa.”