Guinea Bissau, Macedonia Get World Bank Funding

Guinea Bissau will obtain an

grant from the World Bank to support its poverty reduction strategy. The international lender's board also discussed the interim strategy note that maps out the bank's assistance for Guinea Bissau's reform program through 2010. Meanwhile,

's conditional cash transfer program will also receive $25 million from the World Bank. The project seeks to improve the country's social safety nets by strengthening the administration, oversight, monitoring, and evaluation of social assistance transfers.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.