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    Value Addition: Uganda to reap more from Busia border grain trade

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    UNEB issues last call for 2020 candidates’ registration

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      Museveni: Wisdom is better than strength; wealth creation programmes improve incomes

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                Value Addition: Uganda to reap more from Busia border grain trade

                Value Addition: Uganda to reap more from Busia border grain trade

                UNEB issues last call for 2020 candidates’ registration

                UNEB issues last call for 2020 candidates’ registration

                Emyooga: Each constituency to receive Shs 560M as a grant “non-refundable”

                Emyooga: Each constituency to receive Shs 560M as a grant “non-refundable”

                Government lifts lockdown on livestock markets but fixes strict guidelines for operators

                Government lifts lockdown on livestock markets but fixes strict guidelines for operators

                Teso Business Community pledges to work with President Museveni

                Teso Business Community pledges to work with President Museveni

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                Gulu Logistics Hub: Government to prioritize railway and water transport to boost Uganda, S.Sudan, Congo trade

                Trending Tags

                • Politics
                  Electoral Commission receives the first batch of Ballot Papers for the 2020/2021 General Elections

                  Electoral Commission receives the first batch of Ballot Papers for the 2020/2021 General Elections

                  Museveni: Wisdom is better than strength; wealth creation programmes improve incomes

                  Museveni: Wisdom is better than strength; wealth creation programmes improve incomes

                  Police, stop blocking and disrupting  scheduled campaign  meetings

                  Police, stop blocking and disrupting scheduled campaign meetings

                  Security justifies the arrest of Kyagulanyi aka Bobi Wine

                  Security justifies the arrest of Kyagulanyi aka Bobi Wine

                  Ministry of Gender breaks silence on elections for Workers’ representatives

                  Ministry of Gender breaks silence on elections for Workers’ representatives

                  Museveni urges leaders on modern agro-production for transformation

                  Museveni urges leaders on modern agro-production for transformation

                  Trending Tags

                  • Health
                    Mulago Hospital equiped to manage severe COVID19 cases -Dr Byarugaba

                    Mulago Hospital equiped to manage severe COVID19 cases -Dr Byarugaba

                    Mulago administration refutes claims on oxygen shortages

                    Mulago administration refutes claims on oxygen shortages

                    Uganda’s position on ending AIDS as a Public Health Threat by 2030

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                    Never engage in risky sexual behaviour – Hon. Mbayo

                    Never engage in risky sexual behaviour – Hon. Mbayo

                    Uganda tightens covid-19 tests for travellers

                    Uganda tightens covid-19 tests for travellers

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                    MOH unveils a comprehensive approach to cervical cancer prevention and control

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                      Government Commissions Phase Four of the National Backbone Infrastructure (NBI)

                      Government Commissions Phase Four of the National Backbone Infrastructure (NBI)

                      Courtesy Photo

                      Mobile Money: Hackers make billions from Airtel, MTN, Stanbic, and other financial institutions

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                      FULL SPEECH: THE GUEST OF HONOR AT THE HIPIPO WOMEN IN FINTECH SUMMIT AT SHERATON HOTEL – Hon. Judith Nabakooba

                      Government of Uganda and Total sign key oil pipeline agreement in Entebbe

                      Government of Uganda and Total sign key oil pipeline agreement in Entebbe

                      UPDF -Airforce officer invents a brick making machine

                      UPDF -Airforce officer invents a brick making machine

                      Health ministry introduces Covid-19 testing fee

                      Health ministry introduces Covid-19 testing fee

                      Trending Tags

                      • Opinion
                        L-R: Edward Muteesa with Milton Obote

                        A call for indirect election of the president is retrogressive

                        Museveni has won but Kyagulanyi ‘BOBI’ be accommodated

                        Museveni has won but Kyagulanyi ‘BOBI’ be accommodated

                        The President’s foresight has led to gains in the oil and gas sector

                        Adopt the parish model to improve household incomes and transform the rural economy

                        War is Ideological – Late Col. Shaban Bantariza

                        The Onus Is On Us, Not You -Late Col. Shaban Bantariza

                        INDEPENDENCE: Indoor celebrations have been here before and they are temporary

                        Generalizing ethnicity with a leader is backward

                        Youth, media and covid-19 will highly influence Uganda’s general elections

                        Youth, media and covid-19 will highly influence Uganda’s general elections

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                          WHY?, Only 10,280 cases of GBV have been reported, and many go unreported

                          WHY?, Only 10,280 cases of GBV have been reported, and many go unreported

                          Entebbe Airport Opens under serious SOPs

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                          MAAIF issues advisory on farming activities of the second season rains

                          MAAIF issues advisory on farming activities of the second season rains

                          Cabinet approves UTB & ARB board leadership

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                          MAAIF urges farmers to intensify agricultural activities in the second season of the year 2020

                          MAAIF urges farmers to intensify agricultural activities in the second season of the year 2020

                          Hon. Judith Nabakooba warns on speculations regarding reopening of institutions

                          Hon. Judith Nabakooba warns on speculations regarding reopening of institutions

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                          Cabinet approves UTB & ARB board leadership

                          Cabinet approves UTB & ARB board leadership

                          Hon. Judith Nabakooba warns on speculations regarding reopening of institutions

                          Hon. Judith Nabakooba warns on speculations regarding reopening of institutions

                          Fort portal city to host the World Tourism Day celebrations

                          Fort portal city to host the World Tourism Day celebrations

                          WORLD POPULATION DAY 2020 | Leveraging Uganda’s Population Dynamics for a Resilient Future amidst COVID-19

                          WORLD POPULATION DAY 2020 | Leveraging Uganda’s Population Dynamics for a Resilient Future amidst COVID-19

                          HEATHROW AIRPORT: The Uganda High Commission in London repartriates citizens from UK, Ireland and Iceland

                          HEATHROW AIRPORT: The Uganda High Commission in London repartriates citizens from UK, Ireland and Iceland

                          Uganda Airlines to tap into a rich pool of business operations

                          Uganda Airlines to tap into a rich pool of business operations

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                          World Bank to support Central African Republic economic recovery

                          Graha Details Reporter by Graha Details Reporter
                          September 3, 2020
                          in Business
                          World Bank to support Central African Republic economic recovery
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                          Source: Internet

                          The World Bank Board of Executive Directors discussed a new five-year Country Partnership Framework to support the Central African Republic for FY21-FY25. A $50-million grant from the International Development Association (IDA) was also approved for a Development Policy Operation to help the government implement structural reforms to strengthen social inclusion and fiscal management.

                          The new Country Partnership Framework aims to boost stabilization, inclusion and resilience, while building state legitimacy and fostering growth. During the five-year period, the WBG will invest in human capital, connectivity, economic management and governance. Women’s empowerment and digital development will be cross-cutting priorities. In addition, the strategy provides an exceptional Turn-Around Allocation for the Central African Republic (CAR) with an envelope of up to $355 million for the coming three years provided that the country continues on its path to stabilization and peace.

                          “CAR is at a turning point. The 18-month old Peace Accord has proven difficult to implement, yet it is still holding. As the country is preparing for presidential and local elections, it has a unique opportunity to build the conditions under which the people of CAR can fully reap the dividends of peace,” said Han Fraeters, Country Manager for Central African Republic. “The WBG is committed to supporting that continued transition.”

                          A landlocked country in the heart of the continent, CAR ranks among the poorest and most fragile countries in the world. With a Human Capital Index (HCI) of 29, a child born in CAR today will be 29% as productive in adulthood as he could be if he enjoyed complete education and a full health in the early years.

                          Beyond a four-decade history of recurrent conflict and violence, the arrival of COVID-19 may plunge an additional 140,000 Central Africans into extreme poverty. The pandemic is expected to cause a sharp economic downturn and stress public finances – as the economy is projected to contract by 1.2% (3.1% in per-capita terms) in 2020, down from a GDP growth rate of 3.1% in 2019.

                          Guided by the roadmap laid out in the country’s National Peace Recovery and Consolidation Plan, the World Bank Group’s two thematic areas of support are to:

                          (a) Build human capital and connectivity for stabilization, inclusion and resilience: This means investing in people and communities, and their access to basic services, including education, health, energy, water and roads. It also involves direct support to the peace process through the re-integration of ex-combatants and by promoting social cohesion in fractured communities.

                          (b) Strengthen economic management and governance to build state legitimacy and foster growth: This means improving public financial management and domestic resource mobilization. It will also focus on private sector development and the business environment.

                          “The private sector is a fundamental partner in our collective efforts to support more inclusive economic development in the Central African Republic. IFC will complement World Bank efforts in key sectors such as energy, agriculture and financial services to help unlock new investment opportunities and job creation in the country.” said Aliou Maiga, Regional Director for IFC in West and Central Africa. “But the country has to improve the business environment and the government is committed to do that”.

                          Currently, the portfolio in CAR consists of 15 national projects with a total commitment of $563.5 million from IDA, and two regional IDA projects with a total commitment of $231 million. The portfolio focuses on stabilization, inclusion, strengthening of the state and early economic recovery.

                          Tags: Central African RepublicWorld Bank
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