World Bank

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LUSAKA, July 16, 2019 – Zambia’s path to economic recovery remains weak, reflecting both exogenous and policy uncertainties, says the latest World Bank’s Economic Brief on Zambia, titled: Wealth Beyond Mining: Leveraging Renewable Natural Capital.

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FREETOWN, July 11, 2019 – Unlocking the bottlenecks to robust and sustained real growth through economic diversification and addressing pre-existing macroeconomic weaknesses will be crucial for building a resilient economy that promotes inclusive growth and reduces poverty, according to the new World Bank Sierra Leone Economic Update (SLEU) launched today in Freetown.

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Published on July 11, 2019 by the World Bank, the ninth economic update for Côte d’Ivoire confirms the positive trends noted in the past year but qualifies this assessment because of several risk factors, in particular the uncertainty linked to the 2020 presidential elections.

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The Ivorian economy is still in good shape but must adapt to changes in the cocoa sector WASHINGTON, July 11, 2019— The Ivorian economy has remained buoyant since the start of the year, posting one of the fastest growth rates in Africa.

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L’économie ivoirienne se porte toujours bien mais doit s’adapter à une nouvelle réalité dans le secteur du cacao WASHINGTON, 11 juillet 2019— L’économie ivoirienne continue de rester dynamique depuis le début de l’année avec l’une des croissances les plus rapides du continent, qui devrait atteindre 7,2 % en 2019, contre 7,4 % en 2018.

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Cacaoland:How to transform Côte d’Ivoire Cocoa is essential to Côte d’Ivoire. This sector mobilizes close to one million producers who provide income to five million persons (one-fifth of the country’s population) in order to meet 40% of global supply.

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Publié le 11 juillet 2019 par la Banque mondiale, le neuvième rapport sur la situation économique en Côte d’Ivoire confirme les bonnes tendances enregistrées l’année passée. Il nuance toutefois ce bilan du fait de plusieurs facteurs de risques, notamment les incertitudes liées aux élections présidentielles de 2020.

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IDA Crisis Response Window Grant: US $60 million equivalent Project ID: P168940 Project Description: The project will integrate rural households into sustainable agriculture and forest-based value chains in the Project Area and, in the event of an eligible crisis or emergency, provide immediate and effective response to said eligible crisis or emergency.

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The World Bank’s attention has been drawn to a scheme by a so-called organization ‘End Poverty’ which is offering letters of appointment for employment with the claim that such appointments are on behalf of the World Bank.

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WASHINGTON, July 10, 2019 — The World Bank today announced the 15-month debarment of Universal for General Construction and Trading Company (Universal), a company based in the Republic of South Sudan that provides general trade and import-export services, in connection with fraud during the Uganda Teacher and School Effectiveness Project.

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WASHINGTON, July 10, 2019 — The World Bank today announced the 24-month sanction of India-based SAI Consulting Engineering Ltd (SAI) in connection with corrupt practices during the company’s participation in three projects in Africa: East Africa Trade & Transport Facilitation Project, Mozambique Roads and Bridges Management and Maintenance Project, and the Ghana Transport Sector Project.

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IDA Grant: US $50 million equivalent Project ID: P167478 Project Description: The project will improve access to, and the quality of early childhood (ECE) and basic education in the Project areas, and to strengthen the capacity of the education system to deliver better results.

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WASHINGTON, July 9, 2019 — Ghana ­­– with one of the highest deforestation rates in Africa – has become the third country to sign a landmark agreement with the World Bank that rewards community efforts to reduce carbon emissions from deforestation and forest degradation.

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IDA Grant: US $47 million equivalent Project ID: P164932 Project Description: The project will improve equitable access to, and quality of, secondary education.

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WASHINGTON, July 2, 2019 – Today, the World Bank’s Board of Directors approved the Comprehensive Approach to Health System Strengthening Project (COMPASS), financed by $30 million from the International Development Association (IDA)*, of which $15 million as a grant and $15 million as a credit.

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IDA Grant: US $15.0million equivalent IDA Credit: US $15 million equivalent Credit Maturity: 40 years Grace: 10 years Project ID: P166013 Project Description: The project will improve utilization of quality Primary Health Care (PHC) and strengthen the capacity of institutions that are critical to quality PHC.

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IDA Credit: US $200 million equivalent Credit Maturity: 30 years Grace: 5 years Project ID: P166539 Project Description: The project will promote private investments and firm growth in non-resource-based sectors.

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WASHINGTON, DC, July 2, 2019— Ghana is to transform and diversify its economy by promoting private investment and firm growth in the non-resource base sectors through an integrated program to build the country’s competitiveness and deliver sustainable jobs under the Ghana Economic Transformation Project (GETP).

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WASHINGTON, 1erjuillet 2019 – Le Conseil des administrateurs de la Banque mondiale a approuvé aujourd’hui un crédit de 100millions de dollars de l’Association internationale de développement (IDA)* pour aider les autorités du Bénin à améliorer l'accès aux services à haut débit dans les zones rurales et à promouvoir le recours aux solutions numériques pour renforcer l’efficacité de certaines chaînes de valeur, l’inclusion financière et l’accès aux marchés.

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WASHINGTON, July 1, 2019 – The World Bank Board of Executive Directors today approved an International Development Association (IDA)* credit of $100 million to support the government of Benin’s efforts to improve access to broadband services in rural communities and to promote the use of digital solutions to improve efficiency of selected value-chains, financial inclusion and access to markets.

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IDA Credit: US $100 million equivalent Credit Maturity: 38 years Grace: 6 years Project ID: P162599 Project Description: The project will improve access to broadband services in targeted rural communities and promote the use of digital solutions to improve the efficiency of selected value-chains, financial inclusion and access to markets.

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WASHINGTON, July 2, 2019 -The World Bank Board of Executive Directors today approved an International Development Association (IDA)* grant of $47 million equivalent for Improving Results in Secondary Education (IRISE) project for Liberia.

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IDA Grant: US $30 million equivalent Project ID: P167757 Project Description: The additional financing supports the original project to establish the key building blocks for a basic national safety net system and to provide income support to extremely poor households in Sierra Leone.

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IDA Credit: US $15 million equivalent Credit Maturity: 38 years Grace: 6 years Project ID: P161923 Project Description: The project will improve the rural population’s physical access to markets and social services in selected areas.

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IBRD Loan: US $40 million equivalent Credit Maturity: 30 years Grace: 5 years Project ID: P166170 Project Description: The project will improve the reliability of electricity supply and increase access to electricity services in targeted areas of the Borrower.

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