Bosnia, Senegal Get World Bank Funds

The World Bank approved April 9 a USD111 million development policy operation program to provide budget support and expedite the implementation of public spending reforms in Bosnia-Herzegovina. Reforms supported by the initiative focus on strengthening cash-transfer programs that target some of the country’s most vulnerable families and individuals.

Meanwhile, Senegal is set to receive USD8 million from the World Bank in support of a new project that seeks to improve the country’s justice sector. The loan will be spent primarily for building the capacity of CEDAF, which is responsible for implementing Senegal’s justice sector-related reforms. A portion of the money will also be used to improve the country’s investment climate.  

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.