World Bank Donates $ 600 m On ‘Boko Haram’ Crisis

The World Bank has announced an additional $ 600 million (about N216 billion ) for projects in the Lake Chad Basin region devastated by the Boko Haram terrorists .
The Bank made the announcement at the Berlin Conference on Boko Haram crisis , which held on Monday and Tuesday in Berlin .
The two day high - level humanitarian conference was organised by the Governments of Nigeria , Germany and Norway , together with the United Nations .
The African Development Bank (AfDB ) and the Islamic Development Bank also supported the Lake Chad Basin region with grants and concessional loans respectively .
The UN Emergency Relief Coordinator , Mr Mark Lowcock , thanked the banks and countries for their generous donations and supports in a series of tweets .
“ Thank you WorldBank for your incredible support to Lake Chad Basin and for announcing an additional $ 600M for projects throughout the region !
“ Many thanks AfDB for your grant of US $ 35 . 65 M to the #LakeChadBasin as well as the announcement of US $ 57 . 3M in concessional loans ,” Lowcook said .
According to him , the Islamic Development Bank is supporting the Lake Chad Basin with $ 80 million in concessional loans .
The UN humanitarian chief also thanked Ireland for pledging 7 . 3 million euros ; Sweden, 32 million pounds ; the Netherlands , 12 . 1 million pounds ; Italy , 15 million pounds ; and Poland , 230,000 pounds .
“ I was so pleased to see the contributions from donors to development activities in the # LakeChadBasin through the UN Peacebuilding Support Office ,” Lowcock said .
The News Agency of Nigeria (NAN ) recalls that the conference raked in about $ 2. 52 billion dollars in pledges and concessional loans , with Germany, the host country , pledging 265 million euros and Norway, 125 million dollars.
The others were Switzerland , 20 million dollars; France, 131 million Euros; Belgium , 45 million Euros ; Finland, 2. 3 million Euros; and Denmark , 72 . 5 million dollars.
NAN recalls that the United Kingdom pledged 146 million pounds; Canada , 68 million Canadian dollars; European Union , 231. 5 million euros ; Luxembourg , 40 million euros and Spain, 3 . 2 million euros .

World Bank Donates $ 600 m On ‘Boko Haram’ Crisis World Bank Donates $ 600 m On ‘Boko Haram’ Crisis Reviewed by Youngblogger on 05 September Rating: 5

No comments:

WE LOVE SHARING EXPERIENCE, WE ARE WAITING TO HEAR FROM YOU. COMMENTS BELOW!!!

Powered by Blogger.