World Bank Pledges US$1bn To Support Agric In Africa

Liberia World Bank  Manager, Larisa Leshchenko
Liberia World Bank Country Manager, Larisa Leshchenko

The World Bank has pledged US$1billion to support the agriculture sector in sub-Saharan Africa.

The amount, according to the World Bank Director for the Africa Region External Communication (AFREC), Haleh Bridi, represents an increase from US$700 million since 2006.

A dispatch from the World Bank quoted Bridi as announcing the pledge at the celebration of this year’s “End Poverty Day” held Monday during which the world’s largest financial institution renewed its commitment to increase support to the region’s agriculture sector.

Bridi identified the lack of effective policy to govern the continent’s agriculture sector as the weaker point, rather than the acquisition of land, finance, machines and capacity, as argued by some participants in Monday’s event.

She noted that policy on agriculture plays a critical role in helping the sector as there are needs for resilient centers to upgrade agriculture.

This year’s “End Poverty Day” was celebrated under the global theme: “Food and jobs: fighting poverty through sustainable agriculture.”

Participating Anglophone countries included Angola, Ethiopia, Sudan, Rwanda, and Malawi. Others were Zambia, Mozambique, Tanzania, Sierra Leone, Liberia, Ghana, Nigeria, South Africa, Lesotho, Botswana and Zimbabwe.

The discussion focused on how sub-Sahara Africa can use agriculture to end poverty.

LINA

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About Cholo Brooks 13195 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.