75 million USD from WB for South Sudan

21 June 2011

The World Bank is to grant 75 million dollars to South Sudan to contribute to the financing of infrastructure, health and employment projects, reports a press release from the institution issued on June 20.

This financing is destined for the South Sudan Transition Trust Fund (SSTTF).

The Bank wants "to provide early assistance to South Sudan, given the urgency of the challenges faced by the nascent State".

The independence of this country will in fact be proclaimed on July 9, in accordance with the results of the referendum on self-rule last January, reports the newspaper Algérie Soir.

An announcement made in a difficult situation: last Wednesday, American president Barack Obama did in fact call on the rival parties in Sudan to cease the hostilities which are threatening the peace accords which put an end to the civil war, and which raise fears for a resumption of the conflict, reports the newspaper Le Parisien.
 

Category: General