World Bank approves $157m for Malawi

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The World Bank has approved financial support to improve Malawi’s efforts towards restoring most of its degraded water and land resources.

The Bretton Wood institution’s board yesterday approved $157 million Malawi Watershed Services Improvement Project (MWASIP) targeting at least 250,000 beneficiaries.

Through the project, the beneficiaries are expected to have their livelihood improved via various community grant schemes designed to encourage better land stewardship.

According to World Bank Country Manager Greg Tuolmin, land degradation in Malawi is a major challenge arising from environmental and climatic pressures, hence the bank’s support to initiatives aimed at restoration.

On his part, Secretary for Irrigation and Water Development Henry Njoloma discloses that the government is committed to restoring 4.5 million hectares of degraded land by 2030.

The World Bank funding is composed of a $78.5 million credit and $78.5 million grant from the International Development Association.

 

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