Posted by: APO | 13 June 2008

Côte d’Ivoire / World Bank Intensifies Efforts in Côte d’Ivoire with Three New Emergency Projects for Total Amount of US$ 127 Million in the Infrastructure, HIV-AIDS and Economic Governance Sectors

Côte d’Ivoire / World Bank Intensifies Efforts in Côte d’Ivoire with Three New Emergency Projects for Total Amount of US$ 127 Million in the Infrastructure, HIV-AIDS and Economic Governance Sectors

 

ABIDJAN, Côte d’Ivoire, June 13, 2008/African Press Organization (APO)/ — The Board of Directors of the World Bank has approved three grants amounting to a total of US$127 million for funding urban infrastructure, HIV/AIDS, and economic governance projects with a view to accelerating crisis recovery and post-conflict reconstruction efforts of Côte d’Ivoire. These operations, which herald new commitment of the World Bank in the country, follow the approval, in April 2008, of a grant of US$308 million for economic governance and recovery.

According to Ms. Antonella Bassani, Acting World Bank Country Director for Côte d’Ivoire, “this additional support from the World Bank is the expression of our institution’s commitment to assist Côte d’Ivoire to address the many reconstruction challenges and especially assist populations most affected by the crisis to have access to basic social services like water, sanitation, and health care”.

 
 

The Emergency Urban Infrastructure Project (US$94 million) aims at improving the quality of urban life in Abidjan and Bouaké. It comprises, among other components, water supply, sanitation, solid waste management, and rehabilitation of roads.

 
 

The Emergency Multilateral HIV/AIDS Control Project (US$20 million) seeks to achieve two main objectives: a) supporting the measures taken by Côte d’Ivoire to control the pandemic by increasing access to prevention services for the vulnerable groups and high-risk groups like women, the youth and commercial sex workers; b) improving access to treatment, care and support services for persons infected and affected by HIV/AIDS, including orphans and vulnerable children.

The Governance and Institutional Development Support Project (US$13 million) aims at assisting the Ivorian Government to implement reforms in the three key sectors of the economy, namelymanagement of public finance and procurement systems, cocoa-coffee and petroleum sectors. The objective is to promote application of the principles of good governance in the management of public resources and the national economy.

For Mr. Daniel Sellen, Acting Country Manager of the World Bank Office in Côte d’Ivoire, “these three grants are targeted at strategic sectors selected in partnership with the Government. Improvements in governance, HIV/AIDS control and infrastructure development are expected to have broad-based impacts on poverty reduction“.

 

The World Bank will work in close collaboration with other development partners, notably the European Commission, for the infrastructure project and the Global Fund and President Bush’s Initiative for the HIV/AIDS project. Besides, concerning the governance project, the Bank’s support to the key sectors of government spending, coffee-cocoa and oil will be vital to Côte d’Ivoire in the framework of the debt relief process.

Apart from these new projects, four other projects in the education, rural development, and transport sectors will be reactivated in the next few weeks. These projects, which were suspended in November 2004 following the non payment of debt arrears owed to the World Bank, are estimated at a total amount of US$104 million.

 

SOURCE : The World Bank


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