The World Bank is helping to fight poverty and improve the living standards for the people of Ethiopia. This country is one of the largest beneficiaries of the World Bank’s concessional lending program, the International Development Association (IDA),with a portfolio of 33 active projects worth around US$ 3.6 billion of which around US$ 2.1 billion is provided as credit and the remaining US$ 1.5 billion is provided as grant. Active projects support initiatives across a number of areas including:
Pastoral Community Development Project II: a US$ 80 million with the objective of enabling pastoralists to better withstand external shocks and to improve the livelihoods of targeted communities. The project will empower local communities by increasing their engagement in woreda processes and local development decision making. It will also provide them increased access to social services; and better access to support for savings and credit activities. In addition, the project seeks to improve and expand the pastoral early warning system and the responsiveness of the disaster mitigation and contingency funds. The project will be implemented in pastoral and agro-pastoral communities in 57 woredas of the Afar, Somali, SNNPs and Oromya Regions. About 600,000 rural households or approximately 45% of pastoral and agro-pastoral woredas in Ethiopia will benefit from the PCDPII project. Read more...
Urban Local Govt Development Project: US$ 150 million. The project is the next step in the World Bank’s program of support to Ethiopian cities. The objective of the project is to support improved performance in the planning, delivery and sustained provision of priority municipal services and infrastructure. Through the provision of Performance Grants, the project will provide incentives to cities to improve their performance in key areas related to planning, citizens’ participation in the planning process, financial management and service delivery, while at the same time enabling cities to invest in critical municipal infrastructure such as roads, drainage, sewerage, market places, etc. Read more...
Tana & Beles Integrated Water Resources Development: US$ 45 million project which aims to lay the foundation needed to accelerate sustainable growth in the sub basins by developing enabling institutions and facilitating investments for integrated planning, management, and development. The project will not only benefit Ethiopia but will also improve regional cooperation among Nile riparian countries. It also seeks to develop a new paradigm of institutional modernization and convergence in managing precious water resources, while also stimulating sustainable development. Read more...
RSS