The World Bank Grants $420 Million to Strengthen Climate Resilience in Malawi
Although Malawi has not received direct financial support from the World Bank for several years for political reasons, the group has announced a package worth $420 million. This should enable the East African country to rebuild after a series of natural disasters.
In response to the 19 major floods and eight prolonged droughts experienced by Malawi since 1970, the World Bank is providing a financial response focused on economic and climate resilience. The International Development Association (IDA) recently granted the Malawian government $420 million to rebuild infrastructure and rehabilitate the natural heritage decimated by these climatic hazards.
Photo courtesy of ICRISAT.
Source: Afrik21 (link opens in a new window)
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