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Signing of a US$150 million World Bank grant to finance a new Cash for jobs project in Burundi

ByWebmaster

Jan 26, 2022

BUJUMBURA January 26th (ABP) – An amount of one hundred and fifty million US dollars has been granted as a grant from the World Bank to Burundi to finance the new Cash for jobs Project, which is the second phase of the Merankabandi social safety net support project.

The grant agreement was signed on Monday, January 24, 2022 by the Minister in charge of Finance Domitien Ndihokubwayo and the Resident Representative of the World Bank in Burundi Véronique Kabongo.

That Project aims to reduce poverty by protecting the vulnerable people of Burundi through monetary transfers and accompanying measures concerning the improvement of human capital indicators.

It will also promote economic opportunities through access to productive inclusion initiatives and jobs. In addition to cash transfers and activities to improve human capital, the project introduces support measures for job creation, strengthens the development of social protection delivery systems and ensures the integration of refugees and communities. care in national social protection systems.

Burundi cash for jobs is part of a series of projects supporting job creation in Burundi by prioritizing economic empowerment activities for women and youth.

According to the resident representative of the World Bank in Burundi, this new Cash for jobs project will cover the 18 provinces of the country and will target 145,000 households, or about one million poorer and more vulnerable Burundians.

The Minister in charge of Finance Domitien Ndihokubwayo took this opportunity to express his gratitude to the World Bank for the commitment to support Burundi in its development policy.