Source: The World Bank Group |

Critical Reforms Needed to Reduce Inflation and Accelerate the Recovery, says New World Bank Report

As of April 2021, the inflation rate was the highest in four years

While the government took measures to protect the economy against a much deeper recession, it would be essential to set policy foundations for a strong recovery, according to the latest World Bank Nigeria Development Update (NDU). The NDU, titled “Resilience through Reforms”, notes that in 2020 the Nigerian economy experienced a shallower…

Source: The World Bank Group |

150,000 Households Newly Connected to Electricity in Benin

About 2,000 km of medium voltage lines and 4,000 km of low voltage lines will be constructed

The World Bank Board of Executive Directors has approved $200 million in International Development Association (IDA)* funding to help Benin improve access to electricity services for households, businesses, and basic public services. The Benin Electricity Access Scale-Up Project will carry out densification and extension works to increase access to grid…

Source: The World Bank Group |

South Sudan: New Financing to Address Acute Food Insecurity and Desert Locust Crisis

The South Sudan Resilient Agricultural Livelihoods Project (RALP) provides a grant of $62.5 million

South Sudan will benefit from two new projects totaling $116 million that aim to strengthen the capacity of farmers, improve agricultural production, and restore livelihoods and food security. South Sudan is facing increasing levels of food insecurity despite increased production, with exceptionally high food prices constraining access to food for…

Source: The World Bank Group |

Building Morocco’s resilience to natural and climate-related disasters: World Bank additional financing to protect against risks

Over the past decade, Morocco has improved its institutional, policy, and investment framework for disaster risk management

The World Bank today approved US$100 million in additional financing to help Morocco strengthen its ability to withstand the impact of natural disasters. The extra financing will be used to scale up an existing US$200 million Integrated Disaster Risk Management (DRM) and Resilience program by improving the country’s institutional capacity for disaster risk…

Source: The World Bank Group |

Uganda’s Economy Recovering from COVID-19 Impact Amid Uncertainties

World Bank calls for greener, resilient growth to reduce economic vulnerabilities and poverty

The Ugandan economy is emerging from the devastating impact of the COVID-19 (coronavirus) health pandemic, but prospects for growth are undermined by increasing pressure on its natural resources, according to the latest World Bank economic analysis for the country. The 17th Uganda Economic Update (UEU), From Crisis to Green Resilient Growth: Investing…

Source: The World Bank Group |

Sierra Leone receives additional support for Access and Effective Vaccines Deployment

The Sierra Leone COVID-19 Emergency Preparedness and Response Project was approved by the World Bank on April 2, 2020

The World Bank approved an $8.5 million grant in additional financing to support affordable and equitable access to COVID-19 vaccines in Sierra Leone. The funds will provide upfront financing to help purchase and deploy coronavirus vaccines, and to strengthen relevant health systems necessary for a successful deployment and to prepare…

Source: The World Bank Group |

New World Bank Support to Enable Equitable Access to COVID-19 Vaccines in Senegal

Additional funding of $135 million will support the Government of Senegal's efforts to procure vaccines

The World Bank’s Board of Executive Directors approved $134 million (half of the funds in grants), from the International Development Association (IDA) to enable safe, affordable, and equitable access to COVID-19 vaccines, and ensure effective vaccine deployment in Senegal. The Senegal COVID-19 Response Project will help further strengthen the vaccination…

Source: The World Bank Group |

Support for Economic Post-Covid Recovery Through the Competitiveness of Senegalese Micro, Small and Medium Enterprises

The project will have a particular focus on access to finance, in the form of loan guarantees and equity, with targets for women-led businesses

The World Bank’s Board of Executive Directors approved on Friday a $125 million financing to support Senegal to improve the competitiveness of selected value chains, Micro, Small, and Medium Enterprise (MSME) capabilities, and private sector investment in the country. This amount will finance the Government Program “Accelerate Competitiveness and Job…

Source: The World Bank Group |

World Bank Provides $375 Million to Boost Efforts Towards Realizing the Full Potential of Pastoralism in the Sahel

Pastoralism is a key driver of growth that provides livelihoods for more than 20 million people in the Sahel

Efforts to improve the productivity and resilience of pastoral production systems in the Sahel get a strong boost with a $375 million new IDA financing, approved by the Board of World Bank’s Executive Directors today, to support the implementation of the second Regional Sahel Pastoralism Support Project, known by its…

The World Bank Group
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    • The first batch of COVID-19 vaccine doses from the COVAX facility arrives at Bole International Airport on March 7, 2021. Photo: Roman Tesfaye/World Bank
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Source: The World Bank Group |

Coronavirus - Ethiopia: Accelerating Broad and Equitable Access to the COVID-19 Vaccine in Ethiopia

World Bank is providing additional financing in the form of a grant totaling $207 million to finance vaccine acquisition and deployment and strengthen the vaccination system

As the third wave of the COVID-19 (coronavirus) pandemic ripples across the continent, Ethiopians are hopeful that relief and protection are on the way. With a population of 112 million, and a health system that is increasingly stretched, Ethiopia has been working rapidly to strengthen prevention activities, improve rapid detection,…