A first for the Asia Pacific region, the US$12.5 million agreement will help to improve livelihoods and incomes while reducing pressures on forests SUVA,.
Article by Social Share
Washington – The World Bank on Monday approved US$13.5 million in additional financing to support efforts to improve education in Guyana, as the coronavirus (COVID-19) pandemic takes a toll on the sector.
The financing is specifically for the ongoing Guyana Secondary Education Improvement Project which aims to improve teaching in mathematics, increase enrolment in secondary schools, and provide equipment and training to support innovative technology-assisted education delivery methods.
The additional financing will also be used to complete construction of two secondary schools, supply resources for those schools, and build a new secondary school.
“Guyana’s education sector has made significant progress in the last decade; however, strengthening learning outcomes remains a priority and the pandemic is hitting the education sector hard,” said Ozan Sevimli, World Bank Resident Representative for Jamaica and Guyana.
Nicaragua to Receive Emergency Funding Following Devastation Left by Eta and Iota
Format
WASHINGTON, D.C., January 22, 2021 –The World Bank Board of Directors approved today a $80 million credit to support Nicaragua’s emergency response and recovery needs after the devastation caused by hurricanes Eta and Iota. The Nicaragua Hurricanes Eta and Iota Emergency Response Project will help the country’s disaster-relief response and restoration of services and economic activities in critical sectors in the most affeced communities.
The Project will prioritize the country’s efforts in the Caribbean Coast Autonomous Regions which were impacted by the compound effects of the two hurricanes. The Autonomous Regions have the highest incidence of extreme poverty in the country, making their population which includes a large number of indigenous people and Afro-descendants especially vulnerable to external shocks. The Project will also finance the rehabilitation and resilient reconstruc
Date Time
Nicaragua to Receive Emergency Funding Following Devastation Left by Eta and Iota
WASHINGTON, D.C., January 22, 2021 -The World Bank Board of Directors approved today a $80 million credit to support Nicaragua’s emergency response and recovery needs after the devastation caused by hurricanes Eta and Iota. The Nicaragua Hurricanes Eta and Iota Emergency Response Project will help the country’s disaster-relief response and restoration of services and economic activities in critical sectors in the most affeced communities.
The Project will prioritize the country’s efforts in the Caribbean Coast Autonomous Regions which were impacted by the compound effects of the two hurricanes. The Autonomous Regions have the highest incidence of extreme poverty in the country, making their population-which includes a large number of indigenous people and Afro-descendants-especially vulnerable to external shocks. The Project will also finance the rehabilitation and resilient reconstru
New World Bank Group Plan for Fiji to Focus on Recovery and Resilience from COVID-19 and Cyclones
Format
WASHINGTON D.C., January 21, 2021 – Today, the Board of Executive Directors of the World Bank Group (WBG) discussed the new framework for its engagement with Fiji over the next four years, aimed at boosting the Fijian economy and strengthening its fiscal, climate and social resilience following the impacts of two tropical cyclones, and the devastating fall-out from the COVID-19 pandemic.
The
World Bank Group’s Country Partnership Framework for Fiji, the first for Fiji, provides a strategic road-map of priority activities for World Bank Group member organizations: the World Bank; the International Finance Corporation (IFC) which focuses on the private sector in developing countries; and the Multilateral Investment Guarantee Agency (MIGA), which offers risk insurance and credit enhancement guarantees.