The World Bank approved an International Development Association (IDA) package of $15 million to support an expanded and enhanced social safety nets system to improve access to basic services in targeted poor communities.
The financing includes US$10 million for the poorest countries and a US$5 million grant for Refugees and Host Communities. Djibouti is one of 14 countries eligible to access this financing.
“Djibouti’s biggest wealth is its population. For equitable and sustained growth, investments are needed to develop the country’s human capital, especially for young children in the poor communities,” said Atou Seck, World Bank Resident Representative in Djibouti. “These investments must support the supply of quality basic services as well as encourage households to adopt behaviors that strengthen the development of human capital for young children.”
This new operation will support Djibouti’s ambitious strategy to build a social protection system that integrates different forms of social assistance, including the scaling up of a poverty-targeted cash transfer program and promoting health and nutrition in the early years at the local level. It will also strengthen social protection delivery systems through institutional capacity building support for partner government institutions, and community-based investments in basic services to improve human capital
The World Bank’s portfolio in Djibouti consists of twelve IDA-funded projects totaling US$171 million. The portfolio is focused on social safety nets, energy, rural community development, urban poverty reduction, health, education, modernization of public administration, governance and private sector development, with particular emphasis on women and youth.
Original source: World Bank
Published on 15 May 2019
