Wednesday, May 15, 2019

Djibouti: World Bank Approves $15 Million to Improve Human Capital for Poor Communities and Refugees

The World Bank approved an International Development Association (IDA) package of $15 million today to support an expanded and enhanced social safety nets system to improve access to basic services in targeted poor communities.

The financing includes US$10 million in IDA credit, the World Bank’s arm for the poorest countries, and a US$5 million grant from the IDA18 Sub-Window for Refugees and Host Communities. Djibouti is one of 14 countries eligible to access this financing. The IDA18 Sub-Window for Refugees and Host Communities was created in response to demands from refugee-hosting countries, like Djibouti, as a mechanism for development assistance and concessional financing from the World Bank Group.

“Djibouti... Read More