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
WAEMU banking liquidity increased by CFA1,700 billion ($3.02 billion) in one year, according to BCEAO Governor Jean-Claude Kassi...
First National Bank Ghana secures $20 million BII loan to expand MSME lending Partnership targets wider credit access for MSMEs, key drivers of...
Nigeria lifts cash-deposit cap but keeps strict withdrawal limits with fees Banks face new reporting rules as CBN targets security, cost cuts and...
New law revises construction code and tightens insurance obligations All builders must obtain all-risk site coverage and 10-year liability...
Most Read
01

Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...

Cameroon: State Owned Telecommunication Company To Enter Mobile Money Market
02

Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of e...

Togo’s Kossi Ténou Appointed President of AMF-UMOA
03

JA Africa launches $1.5M digital safety program in four African countries Initiative to ...

Google.org, JA Africa to Train Children, Teachers and Caregivers in Digital Safety
04

Francophone Sub-Saharan Africa hosts 860+ startups but faces deep structural weaknesses EY urges...

Major Tech Reforms Needed for Francophone SSA to Attract More Investment, Report Says
05

Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...

Tanzania’s Mobile Money Goes Global: Vodacom Partners with Visa, Alipay, and MTN
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.