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Vol 2 (AAC) No 11

Published 1st September 2009

Financial follow-through

Aggressive investment by the China Investment Corporation, which manages nearly US$300 billion of Beijing's $2.1 trillion in foreign reserves, is leading to a boom in Africa-focused investments. In early September, World Bank President Robert Zoellick began discussions in Beijing with the CIC about potential investment in the IFC Asset Management Company, the new subsidiary of the Bank's private-sector International Finance Corporation.

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