World Bank to issue over $1 billion to thwart famine

World Bank

World Bank

OKORO CHINEDU in Lagos, Nigeria
LAGOS, (CAJ News) – THE World Bank is working on a financial package of more than $1,6 billion to build social protection systems, strengthen community resilience and maintain service delivery vulnerable countries
afflicted by famine.
The bank’s President, Jim Yong Kim, said the aid would assist millions in sub-Saharan Africa and Yemen.
World Bank is mobilising an immediate response for Ethiopia, Kenya, Nigeria, Somalia, South Sudan and Yemen.
The financial package includes existing operations of over $870 million
that would help communities threatened by famine.
“I am also working with our Board of Directors to secure the approval of new operations amounting to $770 million, funded substantially through IDA’s Crisis Response Window.”
Kim said the World Bank Group stood in solidarity with the people threatened by famine.
He described famine as “a stain on our collective conscience.”
“Millions of lives are at risk and more will die if we do not act quickly and decisively.”
Ongoing conflicts and civil insecurity are further intensifying the food insecurity of millions of people across the region, and there is already widespread displacement and other cross-border spillovers.
Drought conditions also extend to Uganda and parts of Tanzania.
The last famine was declared in 2011 in Somalia during which 260 000 people died.
CAJ News

Short URL: http://cajnewsafrica.com/?p=18632

Posted by on Mar 9 2017. Filed under Africa & World, Featured, Finance, National, News, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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