World Bank Grants $745m to Healthcare, Flood Projects

Dec 17 , 2022


Women, children and internally displaced people facing the consequences of the pandemic, natural disasters and conflicts without access to health services and flood management are getting assistance. The World Bank has approved a 745 million dollar grant with hopes of alleviating the humanitarian crisis. Nearly one million people were affected by flood in 2020, with almost 300,000 displaced and 288 lost lives. The damages to infrastructure and cropland have cost 358 million dollars to repair. The impact on agriculture and livestock has aggravated the already severe crisis. The project that aims to support primary healthcare projects is financed through a 400 million dollar grant from the International Development Association (IDA) and a 45 million dollar grant from the Global Financing Facility (GFF). The World Bank’s International Development Association (IDA), established in 1960, helps developing countries by providing grants and low to zero-interest loans for projects and programs that boost economic growth. World Bank Group Country Director, Ousmane Dione, said the health project would provide to over 22 million women and children, including those in conflict-affected areas. The second Flood Management Project (FMP), financed by a 300 million dollar grant from IDA, aims towards improving climate-related shock management and the ability to respond better to flood risks.


Radar

Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


Radar

AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Radar

Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...


Back
WhatsApp
Telegram
Email