AfDB giving $78.6m to Somalia, South Sudan to tackle drought
AfDB said in a statement that it has granted Somalia $34.8 million to benefit 804,000 individuals while 43.8 million dollars was given to South Sudan to benefit 300,000 individuals.
The African bank also signed agreement with Inter-Governmental Authority on Development (IGADF) under the Bank's "Say No To Famine-Short Term Regional Emergency Response Project" (STRERP).
"IGAD will oversee the implementation of the project through an agency to be recruited in each of the countries," AfDB said in a statement.
Under this framework, the Bank plans to invest about $1.1 billion as a coordinated response to its regional member countries that have been severely affected by prolonged drought periods and unstable food production. ■