Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Public Management

Mauritania: World Bank approves $52mln to strengthen social security

Friday, 13 March 2020 18:10
Mauritania: World Bank approves $52mln to strengthen social security

(Ecofin Agency) - The Board of the World Bank approved, on March 10, two grants totaling $52 million to help Mauritania improve social security. $45 million will come from the International Development Association (IDA) while the remaining $7 million will be provided by the Sahel Adaptive Social Protection Program (ASPP), backed by the German government.

The resources will support the Mauritanian government’s efforts as part of the Shock-responsive safety Net Program (called Elmaouna) and the national social transfer program (Tekavoul). More than 290,000 people living in extreme poverty are targeted with the Tekavoul scheme while more than 24,000 households will benefit from emergency money transfer to face shocks.

“In the short term, families will be able to use the money for their immediate needs, usually to buy food and use basic services. In the long term, they will be able to save some money to invest in their livelihoods and well-being,” said Matthieu Lefebvre, project manager at the World Bank.

André Chadrak

Additional Info

  • communiques: Non
  • couleur: N/A
 
Finance


 
Mining


 
Telecom


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

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

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.