The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development. The World Bank Group comprises five institutions managed by their member countries.
Established in 1944, the World Bank Group is headquartered in Washington, D.C. We have more than 10,000 employees in more than 120 offices worldwide.
SUBMITTED BY OLIVER WHALLEY
Intense drought can devastate a country. Severe flooding can be catastrophic. Dealing with both at the same time? That’s just another day for too many countries around the world that struggle to accurately predict weather- and climate-related disasters while simultaneously dealing with their effects.
WASHINGTON, March 23, 2017 — The World Bank today approved a $200 million credit to further support the Government of Nigeria in its efforts to enhance agricultural productivity of small and medium scale farmers in participating states.
ADDIS ABABA, March 23, 2017 —The World Bank today signed a new grant agreement with the Government of Ethiopia to improve the enabling environment for sustainable forest management, investments, and emissions reductions in the state of Oromia. The $18 million grant, provided by the World Bank’s BioCarbon Fund (Initiative for Sustainable Forest Landscapes), will support the government’s new Oromia Forested Landscape Program (OFLP). This program would be the first operation financed by the Bank to target greenhouse gas emissions from a landscape perspective across an entire jurisdiction.
The World Bank’s emergency operations in the Central African Republic have created thousands of temporary jobs in a crisis context.
The LONDO project helped maintain over 1,000 kilometers of roads in 35 sub-prefectures.
To date, 17,250 of the 35,500 temporary jobs expected by the end of the project have already been created.
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Established in 1944, the World Bank Group (WBG) is one of the world’s largest sources of funding and knowledge for developing countries. It uses financial resources and extensive experience to help our client countries to reduce poverty, increase economic growth, and improve quality of life. To ensure that countries can access the best global expertise and help generate cutting-edge knowledge, the World Bank Group is constantly seeking to improve the way it works.