With the historic political and economic changes reshaping the region, the World Bank’s support will intensify as demands from countries arise. The World Bank’s strategy and assistance will include a range of products including: Quick budgetary support to meet growing financing requirements; A rapid investment response to support the required poverty interventions; Help with employment generation and special areas programs; Advisory support; Strengthening of institutional capacities; and Provision of entrepreneurship and other training programs.
The World Bank Group stepped up its program in the region following the global financial crisis. IBRD/IDA lending increased from $1.8 billion in fiscal year 2009 to $3.8 billion in FY10 then declined to $ 2.06 billion in FY11. The International Development Association (IDA), the Bank’s fund for the poorest, channeled support to Djibouti of $5.8 million in 2011 – very close to last year’s level. IDA support to Yemen was at $117 million in FY11. High-value knowledge services to MENA increased from $8 million in 2010 to nearly $11 million in 2011. For more information see: Regional Brief |
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