Public Management

Chad: World Bank injects nearly $55mln in natural resource management

Chad: World Bank injects nearly $55mln in natural resource management
Monday, 15 June 2020 19:37

The World Bank approves $54.5 million to implement a natural resource management project in Chad. The Financing will help improve the livelihoods of people in areas vulnerable to climate change in the Ouadi Rime and Ouadi Achim (OROA) reserve located in the north-central part of the Sahelo-Saharan region of Chad. It is part of the ALBIÄ project which aims to improve the livelihoods of communities while safeguarding biodiversity and reducing the impacts of climate change.

With this new funding, granted via the International Development Association (IDA) and the Global Environment Facility (GEF), the Bretton Woods institution hopes to reduce the poverty rate in the targeted region. In total, nearly 70,000 people living in the five priority areas around the reserve will benefit from the project.

“This project focuses on remote rural areas with high poverty rates and a high vulnerability to climate change. In doing so, it contributes directly to the World Bank's objectives in the fight against extreme poverty and the promotion of shared prosperity in a sustainable manner,” said Soukeyna Kane, World Bank Country Manager for Chad.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Côte d’Ivoire will receive $234 million for a sustainable urban mobility project in Abidjan. Gambia will receive $32.2 million to build...
Stanbic IBTC and Zenith Bank cut monthly card spending abroad to $500 and $200 Foreign reserves fall by $3.5 billion in six...
Cauri Money launches Gajo Money, an e-wallet for the Cameroonian diaspora, targeting €120 million in transactions by end-2025. The fintech...
• Kenya and ASR sign deal to reduce risk on projects worth up to $2 billion.• Risk cover will target infrastructure, energy, logistics, and trade...
Most Read
01

• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...

Afreximbank Bonds Retain Market Confidence Despite Moody’s Downgrade
02

• Qatar Airways and Kenya Airways establish strategic agreement, introducing a third daily flight be...

Qatar Airways Expands its Network in Africa, Building Presence in Kigali, Johannesburg, and Nairobi
03

• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...

Nigeria Secures $100 mln ECOWAS Bank Loan for Lagos-Calabar Coastal Highway
04

• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 m...

EY’s Exit Creates $1bn Opportunity in Francophone Africa Consulting Market
05

• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....

UEMOA: Inflation Drops to 0.6% in May, Driven by Lower Food Prices
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
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.