World Bank, EU Pledge Billions for Economic Growth in Sahel

5 Nov 2013 by OOSKAnews Correspondent

The World Bank and the European Union announced this week that they will provide billions of dollars to the Sahel region of Africa to support to major development priorities like improving infrastructure and protection from drought and other natural disasters.The announcement came ahead of a trip to the region by development leaders including UN Secretary-General Ban Ki-moon and World Bank Group President Jim Yong Kim. The bank will provide $1.5 billion USD to the region over the next two years and the EU will supply six countries with $6.75 billion USD over the next seven years.The bank’s funding, which is in addition to its ongoing billions of dollars worth of multi-country and national development programs, aims to expand energy production primarily through increased hydropower; expand irrigation; protect pastoralism, which provides livelihood for some 80 million people in the region; expand health services for women and girls; and improve regional communications...

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