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WB grants Niger 250 million dollars to face climate change

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April 24, 2022
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Home Egypt

WB grants Niger 250 million dollars to face climate change

by News Wires
April 24, 2022
in Egypt, World
WB grants Niger 250 million dollars to face climate change 11 - Egyptian Gazette
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NAIMI  – The World Bank granted US$250 million to improve municipal management in Niger, according to a release published by the international institution.

This funding will help 25 municipalities fight drought, flood, and extreme heat in the framework of the Niger “Integrated Urban Development and Multi-Sectoral Resilience project.”

For Pierre Xavier Bonneau, Acting World Bank Country Manager for Niger, “this project will further strengthen the resilience of the most vulnerable and contribute to a sustained recovery in the most affected areas.” It aims to improve the living conditions of nearly 3.4 million people by 2028.

The initiative will support recovery and reconstruction efforts after the 2020 floods, boost flood resilience in 14 cities, and improve access to urban infrastructure and basic services by providing cities with investment options that will allow them to address their respective key challenges. It will also develop a technical assistance program to build the capacity of municipalities and improve management.

According to the World Bank, nearly 42% of the Nigerien population lives in extreme poverty. The country, which recorded a 5.8% GDP growth in 2019, saw its economy slow to 3.6% in 2020. (MENA)

Tags: floodspovertyWorld Bank

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