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;
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