Source: The World Bank Group |

World Bank approves Additional Financing for Economic Management and Statistics Development in Djibouti

These activities will enhance the achievements of the parent project, which focused on strengthening the national statistical system

The World Bank has approved an additional financing of USD$ 5 million for the Economic Management and Statistics Development for Policy Making project in Djibouti. The project aims to strengthen the capacity of the National Institute of Statistics of Djibouti (INSTAD) to produce and disseminate timely and reliable statistics, and to modernize the government's…

Source: The World Bank Group |

Tunisia: World Bank Projects Boost Food Security, Economic Opportunities

This project aims to streamline wheat imports and support small-scale producers by providing barley for milk production and climate-resilient seeds for wheat producers

The World Bank’s Board of Directors approved two new loans worth US$520 million yesterday, providing additional financing to address Tunisia’s food security challenge and to balance regional disparities through improved road corridor connectivity in the country. "The two projects are aligned with the World Bank's Country Partnership Framework (CPF) 2023-2027…

Source: The World Bank Group |

World Bank Provides $92.71 Million Through The Gambia Resilience, Inclusion, Skills, and Equity Project (The Gambia RISE Project) to Enhance Economic and Educational Outcomes

The five-year, multi-sectoral project aims to improve how The Gambia builds, protects, and utilizes its human capital by improving education quality and access, enhancing access to employment opportunities, and expanding social protection for the most vulnerable

The World Bank's Board of Executive Directors has approved a $92.71 million financing for The Gambia Resilience, Inclusion, Skills, and Equity Project (The Gambia RISE Project), with $80.45 million from the International Development Association including $20.00 million from the Crisis Response Window Early Response Financing, and an additional $12.26 million…

Source: The World Bank Group |

Tanzania can Unlock Important Economic benefits by accelerating Health and Fertility Improvements

The latest 20th Tanzania Economic Update explores the country’s progress towards attaining a demographic dividend, which refers to how improved health and reduced fertility can drive economic growth

Tanzania has made important strides in reducing infant and child mortality, but the authorities must act quickly to capitalize on this progress and accelerate efforts to reduce fertility rates in order to unlock the full potential of a demographic dividend, according to a new World Bank report. The latest 20th Tanzania…

Source: The World Bank Group |

Increase in Domestic Savings Can Unlock Rwanda’s Private Sector Potential

Data shows that Rwanda’s private investment growth has not kept pace with public investment as it grew modestly from 12.7% of GDP in 2007 to 15.8% in 2022

Maintaining Rwanda’s development trajectory and achieving the goals outlined in its Vision 2050 will require increased efforts to shift the drivers of economic growth towards a private investment-led model, given the country’s depleting fiscal space. This is according to the 22nd edition of the Rwanda Economic Update (REU): Mobilizing Domestic Savings to…

Source: The World Bank Group |

Rwanda’s Economic Performance Strengthened in 2023 Despite Continued Challenges

Despite widening external deficits and the depreciation of the Rwandan franc, fiscal responsibility was maintained, with prudent fiscal management strategies in place

Rwanda’s economy grew at 7.6% in the first three quarters of 2023 despite a challenging global environment and the recent floods that destroyed agricultural produce and infrastructure in April-May 2023. This is according to the 22nd edition of the Rwanda Economic Update (REU): Mobilizing Domestic Savings to Boost the Private Sector in…

Source: The World Bank Group |

New Malawi Economic Monitor calls for Commitment to Economic reforms to sustain the Emerging Recovery

The World Bank’s MEM provides a semiannual analysis of Malawi’s economic and structural development issues

Malawi’s medium-term growth outlook is improving because of bold reforms undertaken by the government in 2023 to stabilize the economy, although other numerous downside risks related to climate change, continued foreign exchange challenges, delays in the implementation of key macro-fiscal and structural reforms persist. Growth is therefore expected to increase…

Source: The World Bank Group |

Unlocking the Potential of Women and Adolescent Girls in Madagascar will Reduce Poverty

The study identifies factors and strategies that support young women in their decisions about education, work, and family formation

Malagasy women and girls face multiple disadvantages that affect their ability to accumulate human capital in education and health, participate in economic opportunities, and make decisions, according to a new World Bank report “Unlocking the Potential of Women and Adolescent Girls - Challenges and Opportunities for Greater Empowerment of Women…

Source: The World Bank Group |

Fighting fragility: Helping half a million girls stay in school in Mozambique

In 2021, the Government of Mozambique launched a program called “Eu Sou Capaz” with support from the World Bank through the Harnessing the Demographic Dividend Project

Ana António (name changed for privacy), a girl from Northern Mozambique, had all the odds stacked against her. Married at the age of 13, she had to leave school, only to be abandoned by her husband with a baby in her arms shortly after. Her baby died within a year.…

Source: The World Bank Group |

Eastern and Southern African Trade and Development Bank (TDB) and the World Bank to Accelerate Access to Sustainable and Clean Energy in Africa

This new facility follows TDB’s successful financing of innovative off-grid solar projects in the region it serves which were financed under a groundbreaking $415 million World Bank Regional Infrastructure Financing Facility (RIFF) facility

The World Bank has extended a facility of close to $300 million to the Eastern and Southern African Trade and Development Bank (TDB), to support distributed renewable energy (DRE) and clean cooking private sector projects in eligible countries of the World Bank’s International Development Association (IDA) that are TDB member…