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Last Update: ،
2025/09/15
Time
03:52:51
Latest News:
Leadership Council Chairman arrives in Doha to participate in Arab-Islamic Summit
Yemen Ambassador Meets Algerian Official to Boost Bilateral Ties
Report: Houthi militias blamed for some 21 thousand violations against Yemen children in 10 years
Yemenia Airways operates its first flights to Ataq Airport in Shabwa governorate
Yemen Central Bank Holds Key Meeting to Address Liquidity Crisis and Strengthen Financial Sector
Latest News:
Leadership Council Chairman arrives in Doha to participate in Arab-Islamic Summit
Yemen Ambassador Meets Algerian Official to Boost Bilateral Ties
Report: Houthi militias blamed for some 21 thousand violations against Yemen children in 10 years
Yemenia Airways operates its first flights to Ataq Airport in Shabwa governorate
Yemen Central Bank Holds Key Meeting to Address Liquidity Crisis and Strengthen Financial Sector
WB provides $90 million to carry out Horn of Africa initiative
[21/09/2024 08:52]
WASHINGTON-SABA
The Board of Executive Directors of the World Bank (WB) has approved an extra funding of $90 million for the implementation of the Horn of Africa initiative in Djibouti.
In a press release the WB said" The new financing will support efforts to scale up the original $70 million project approved in December 2021 to enhance regional connectivity, resilience and survival, improve the efficiency and security of logistics, transportation and mobility for the population of Djibouti along the southern corridor between Djibouti and Addis Ababa,"
"This project comes within the framework of a broader regional integration initiative in the Horn of Africa that includes Djibouti, Eritrea, Ethiopia, Kenya and Somalia", the WB added.
The WB stated that the new funding is also set to support efforts to upgrade, improve, manage and maintain three sectors of the Southern Corridor route, as well as activities aimed at supporting transit facilitation to promote regional integration and provide technical assistance to the Government of Djibouti.
The Board of Executive Directors of the World Bank (WB) has approved an extra funding of $90 million for the implementation of the Horn of Africa initiative in Djibouti.
In a press release the WB said" The new financing will support efforts to scale up the original $70 million project approved in December 2021 to enhance regional connectivity, resilience and survival, improve the efficiency and security of logistics, transportation and mobility for the population of Djibouti along the southern corridor between Djibouti and Addis Ababa,"
"This project comes within the framework of a broader regional integration initiative in the Horn of Africa that includes Djibouti, Eritrea, Ethiopia, Kenya and Somalia", the WB added.
The WB stated that the new funding is also set to support efforts to upgrade, improve, manage and maintain three sectors of the Southern Corridor route, as well as activities aimed at supporting transit facilitation to promote regional integration and provide technical assistance to the Government of Djibouti.
Key words:
transportation - implementation - facilitation - connectivity - integration - WASHINGTON - assistance - supporting - activities - population -
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