Thursday 2 June 2016

The World Bank financed the Djibouti with 43 million dollars to improve services



Djibouti (Ina) - The Board of Executive Directors of the World Bank approved an updated strategy to help the Djibouti to address weaknesses and improve services. 
The local century newspaper in its edition on Thursday (June 2, 2016) that the Council also adopted afunding facilitator to Djibouti totaling $ 31 million from the Foundation international development, to fund the three operations are in the $ 20 million to respond to the development of the effects of displacement under the regional initiative the horn of Africa at a cost of $ 175 million; and $ 7 million additional funding for the development of rural communities and the draft water harvesting; and $ 7 million additional funding for the project 's social safety net. 
in addition to three processes mentioned, the updated strategy foresees additional financing proposal for 2017 worth $ 5 million to strengthen the management systems and the business environment, and $ 7 million for a new project allows poor access to energy.

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