Wednesday, June 25, 2008

International Development: World Bank approves nearly $40 million for Malawi

The World Bank has approved $37.8 million to support government investments in Malawi aimed at improving food security and the growth of sustainable agriculture.

The money will be provided through the Agricultural Development Program Support Project (ADP-SP), and will consist of a $32 million International Development Association (IDA) credit, and a $5.8 million-dollar Global Environment Facility (GEF) grant provided by the regional GEF investment program for sustainable land management linked to Africa.

Norway will also contribute an additional $10 million with Malawi contributing $2.3 million in kind.

The total value of the ADP-SP will be $53.3 million over a five-year period (2008-2013).
Mike Hitchen Consulting - Domain name Aftermarket: