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

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

(Ecofin Agency) - 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

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