World Bank recommends $75 million trust fund to support South Sudan Article Comments (1) Email PrintSave --------------------------------------------------------------------------------
June 14, 2011 (KHARTOUM) – The World Bank has floated a recommendation to setup a trust fund to provide assistance to South Sudan as it hurtles towards independence in July. World Bank logo In an e-mailed statement on Tuesday, the World Bank pointed out that its Board of Executive Directors had sent a recommendation to the Bank’s governors to establish a $75 million fund to provide health care, infrastructure, and employment for the people of South Sudan, who voted overwhelmingly for the secession of their nation from north Sudan in a referendum held in January. South Sudan Transition Trust Fund (SSTTF) underscores the bank’s quest to provide early assistance to South Sudan given the urgency of challenges faced by the nascent state, the bank’s statement said. It further pointed out that the fund builds on the framework of the 2011 World Development Report on Conflict, Security and Development, which calls for more responsiveness to the needs and opportunities of fragile and conflict-affected situations such as South Sudan. “The SSTTF will be used to rapidly increase the coverage of child immunization, provision of vitamin A, de-worming, and other selected services for rural mothers and children. It will also increase rural livelihoods opportunities, and improve rural access by supporting a project to provide 1,400 km of feeder roads in areas with high agricultural potential. In addition, the trust fund will help create jobs through grants to 200 entrepreneurs, increasing outreach to women entrepreneurs, and building up a micro-finance client base of 30,000 individuals,” the bank said. The grossly underdeveloped region of South Sudan has recently applied for the membership of the World Bank. Having emerged from more than two decades of civil wars with the north in 2005, South Sudan has some of the worst human development indicators in the world. (ST) -- You received this message because you are subscribed to the Google Groups "JFD info" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/jfdinfo?hl=en.
