Against the backdrop of twin crises – the August 2008 conflict and a global economic slump – the World Bank is launching a new partnership strategy with Georgia to guide its assistance to that country until 2012. Under the strategy, the Bank expects to provide between US$740 to $900 million in financing over four years. [...]
The World Bank Group has approved a US$75 million no interest credit for Sri Lanka to help that country’s poorest people. The funding will be used in Sri Lanka’s rural communities for the second phase of a community program that has already touched the lives of nearly one million poor Sri Lankans. WORLD BANK
The Regional Coordinator for South Sudan at the UN mission in Sudan (UNMIS), David Gressley tells reporters in New York that whatever the outcome of the 2011 referendum on independence for southern Sudan, “neither side seems to want a renewed conflict.” UNTV / FILE