International Development Association (IDA), a World Bank group has
announced a $1.6 billion support package for emergencies, with critical
support going for famine relief in northern Nigeria, where an estimated
20 million people are at risk of famine. The assistance will also be
extended to Yemen, South Sudan and Somalia.
Axel van Trotsenburg, vice president for Development Programmes at the World Bank said, “The financial support will be a combination of recently approved operations that we have been in the last six, eight months that were already started to target, for example, the north of Nigeria to the remaining resources that are still available in our crisis response window.”
Van Trotsenburg says IDA still has about $360 million left over from development projects executed over the past three years. He says that money will be used for famine relief. Meanwhile the World Bank has disclosed that Africa will receive the bulk of the $75 billion the International Development Association, or IDA, will spend to finance life-saving and life-changing operations over the next three years mainly in 30 of the world’s poorest, most fragile countries.
The IDA is a part of the World Bank which supports anti-poverty programs in the most poor developing countries through long-term, no interest loans. The World Bank reports the African region will receive $45 billion of the $75 billion allocated for development purposes. It says other recipients will include small Pacific island states threatened by climate change and fragile countries in the Western Hemisphere, such as Haiti.
Axel van Trotsenburg, vice president for Development Programmes at the World Bank said, “The financial support will be a combination of recently approved operations that we have been in the last six, eight months that were already started to target, for example, the north of Nigeria to the remaining resources that are still available in our crisis response window.”
Van Trotsenburg says IDA still has about $360 million left over from development projects executed over the past three years. He says that money will be used for famine relief. Meanwhile the World Bank has disclosed that Africa will receive the bulk of the $75 billion the International Development Association, or IDA, will spend to finance life-saving and life-changing operations over the next three years mainly in 30 of the world’s poorest, most fragile countries.
The IDA is a part of the World Bank which supports anti-poverty programs in the most poor developing countries through long-term, no interest loans. The World Bank reports the African region will receive $45 billion of the $75 billion allocated for development purposes. It says other recipients will include small Pacific island states threatened by climate change and fragile countries in the Western Hemisphere, such as Haiti.
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