Italy, April 24 -- The World Bank and Italy signed an agreement to advance sustainable development in Africa, complementing the country's recent contributions to multilateral development and increasing its financial support to IDA by around 25%, the World Bank's arm that assists low-income countries.The co-financing agreement accelerates the Mattei Plan for Africa-Italy's flagship initiative to drive equitable growth through investments in energy, infrastructure, and human capital-and was finalized during the World Bank-IMF Spring Meetings. In addition to boosting Italy's commitment to IDA, the agreement increases its forthcoming subscription of hybrid capital issued by the International Bank for Reconstruction and Development. The agreemen...