Public Management

Guinea-Bissau: World Bank allocates US$50 mln for two projects

Guinea-Bissau: World Bank allocates US$50 mln for two projects
Thursday, 09 February 2023 19:58

Guinea-Bissau, which is one of the poorest and most fragile countries in the world (according to the World Bank) is facing several development and climate-related challenges. With the support of international partners, authorities are carrying out several initiatives to address the situation.

Guinea-Bissau and the World Bank have signed agreements for the implementation of two projects, the multilateral institution announced on Twitter last Wednesday.

The US$50 million projects (cost estimate presented by local media) are aimed at strengthening public administration and protecting Guinea-Bissau's coastal areas. Without specifying the cost, the World Bank explains that the projects concerned will reduce poverty and promote prosperity and sustainable development in the country.

According to Anne-Lucie Lefebvre, World Bank's resident representative to Guinea-Bissau, "due to persistent institutional instability and weak governance, access and quality of service delivery are poor in Guinea-Bissau, leading to severe consequences for human capital outcomes. These service delivery challenges are especially relevant for women and other vulnerable groups, who are disadvantaged in terms of access to basic services, property rights, and access to livelihoods."

In that context, the first project financed (Public Sector Strengthening Project II) will improve the supervision of fiscal and human resources and ultimately strengthen accountability, therefore boosting the quality of services offered to citizens.

The second project is part of the larger US$246 million West African Coastal Management Program, known as the WACA Program. In Guinea-Bissau, the project will strengthen the resilience of coastal communities facing erosion and flooding. Its ultimate goal is to reduce the impact of climate change in coastal areas.

Jean-Marc Gogbeu

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Fitch affirms Cameroon at “B”, outlook negative Growth steady, debt contained; governance and political risks persist New vice-presidential role seen...
UBA's Nigerian home market posted a 1.7 billion naira ($1.1m) pre-tax loss in 2025, against a 364 billion naira profit a year earlier A 117 billion...
Visa promotes risk-based compliance to strengthen oversight and trust Initiative targets AML gaps as DRC remains on FATF gray list Banks face...
Speedinvest, the Vienna VC firm, opened its first dedicated MEA fund last week, anchored by EIB Global, Mubadala and Qatar Investment...
Most Read
01

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
02

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
03

Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...

Libya Opens Dollar Sales to Ease Pressure on Dinar and Prices
04

From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...

Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
05

As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...

From South Africa to Egypt: Why Nissan is reshaping its African strategy
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.