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Date Time Share Southern Africa Taps $380 Million in World Bank Financing to Facilitate Regional Trade and Investment for more Inclusive Growth WASHINGTON, April 27, 2021 – The World Bank today approved $380 million in financing from the International Development Association (IDA)* to support Malawi and Mozambique increase regional trade coordination, reduce trade costs and time, develop regional value chains, and improve access to infrastructure. The new Southern Africa Trade and Connectivity Project (SATCP) will benefit both countries and local communities through investments that will f...

The World Bank approved $380 million in financing from the International Development Association (IDA) to support Malawi and Mozambique increase regional trade coordination, reduce trade costs and time, develop regional value chains, and improve access to infrastructure. The new Southern Africa Trade and Connectivity Project (SATCP) will benefit both countries and local communities through investments that will facilitate trade, strengthen regional coordiation, and increase diversified economic opportunities along the Nacala and Beira corridors, connecting Mozambique to Malawi, and along the ...

Prof. N.A. De S Amaratunga in his piece “Is government in self-destructive mode? in The Island of 22 Jan. said more than 60% of people who voted for this government were poor rural people and he has emphasized the need to focus on these people. The livelihood of nearly 70% of those living in rural areas is farming. As per the policy manifesto of President Gotabaya Rajapaksa, ‘Vistas of Prosperity and Splendour’ ( ‘Rata Hadana Saubhagyaye Dekma’), one of the main objectives of the government is creating a people-centered economy through rural development. The Finance Minister in his...

The World Bank Boosts Support to the Sahel for a Resilient Recovery from the Security and Economic Crisis Format WASHINGTON, December 15, 2020 – The World Bank today approved three projects to support the economic recovery and improve access to and the quality of basic social services in Burkina Faso and Chad. These projects will help both countries respond to the impact of the COVID-19 pandemic and the humanitarian crisis. The World Bank also confirmed Burkina Faso’s eligibility for the Prevention and Resilience Allocation. “As part of a dynamic partnership, the World Bank Group is com...