WB Grants $50 mln to Improve Access to Basic Services in YemenSource: www.export-egypt.com 8/2/2014, Location: Middle East |
|
|
|
The World Bank's (WB) Board of Directors has approved a $50 million grant to support the government's efforts to improve access to basic services for the underserved communities.
The International Development Association (IDA) grant, the Bank's fund for the world's poorest countries, will supplement an ongoing program that has increased school enrollment, especially for girls, improved access to water, boosted agricultural productivity and incomes, provided better public health services and promoted mobility through rural road improvements. According to a WB press release, the additional funds are destined for the Community and Local Development Program (CLDP), a core component of the Social Fund for Development Phase IV Project (SFD IV) covering the years 2011 to 2016. While expanding access to basic services, the program also empowers local communities by putting them in charge of identifying infrastructure projects that address their specific needs. A pipeline of 563 CLDP sub-projects has been prepared, 70 percent of which were selected through community demand. "Meeting the basic needs of Yemenis is vital for sustaining the country's political transition," said Wael Zakout, World Bank Country Manager for Yemen. "The Social Fund for Development has proved to be an effective organization, continuing to function throughout the crisis, and its system of autonomous, regional offices allows it to operate in the entire country – even in remote areas with limited government presence." Along with encouraging voice and participation in the selection of sub-projects, the program will support the national priority of decentralization. The CLDP includes an Empowerment for Local Development Program designed to build the capacities of communities and local authorities to implement the sub-projects they identify. "Several of the activities funded by the program have also been developed to promote inclusion," said Mira Hong, World Bank Task Team Leader for the project. "The needs of girls and women are a primary focus, for instance, with increased access to schools and reproductive health services. More than half of the health and education professionals that have so far been trained through the program are women." To date, SFD IV has created 24 million days of employment and benefitted 4.5 million Yemenis, with women representing 2.5 million. The total budget for the six-year project is US$1.2 billion, of which IDA has financed US$85 million, and the government along with 12 other donors has committed US$760 million. The additional US$50 million grant from IDA is also intended as a catalyst to attract more donors. In January 2014, the Bank's active portfolio in Yemen consisted of 32 projects (including recipient-executed trust funds) with about US$900 million in net commitments, focused on increasing access to basic social services, improving infrastructure, and enhancing governance and institutions. |
|
Financials and Investment News in Yemen >> |
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
Yemen Oil & Gas 1 >> |