World Bank Announces Support for 4 Projects

Four development projects in Zambia, Mozambique, Peru and South Asia will receive funding from the World Bank.

The Washington-based lender is offering Zambia $115 million to help upgrade its irrigation sector. The project seeks to improve public infrastructure required to establish medium-to-large smallholder irrigation schemes. It will also help to develop the knowledge and skills of beneficiaries in preparing and operating irrigation schemes.

In Mozambique, the bank is lending an additional $41 million to support road rehabilitation in Mozambique. The bank has previously provided $100 million for the project that seeks to improve road maintenance, and support engineering services and investments to rehabilitate and upgrade national roads. The project also aims to improve the capacity of the National Road Administration.

Meanwhile, more than 158,000 people in Lima, Peru, will benefit from a World Bank-backed project on rehabilitating water and sewer networks. The bank is lending $54.5 million to help create a new treatment plant in Huachipa.

In South Asia, the bank is lending $36 million to Bangladesh and granting another $3 million to Nepal to help protect wildlife in the region. The project will help the Bangladeshi and Nepalese governments enhance shared capacity, institutions, knowledge and incentives in tackling illegal wildlife trade and other selected regional conservation threats to habitats in border areas. It also seeks to promote ecotourism.

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About the author

  • Dsc05567

    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.