Malawi gets K92 billion grant from World Bank to support poor, vulnerable citizens

Written by  MBC Online

Malawi has received a K92 billion($125 million) from the World Bank for the country’s Social Support Resilient Livehood Project (SSRLP), seeking to improve resilience among poor and vulnerable populations.

Kabagambe: World Bank Group ED for Africa explained purpose of $125 million grant to Malawi. Kabagambe: World Bank Group ED for Africa explained purpose of $125 million grant to Malawi.
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December

The grant also seeks to strengthen the country’s national platforms for safety nets, according to a letter from the World Bank addressed to Malawi’s Finance, Economic Planning and Development Minister Joseph Mwanamvekha.

 

Anne Kabagambe, the Bank’s ED who signed the letter, said the grant was approved by the Board of executive directors of the International Development Association (IDA) on December 10.

 

The ED said the first component of the five-year project will focus on scaling up  the effectiveness of core safety net programmes, building on the  Social Cash Transfer Programme (SCTP) in response to drought and floods.

 

The second component will dwell on strengthening core delivery related to social registry, information management  and e-payments as the third component aims at strengthening capacity and learning.

 

As a sign of approval to Malawi’s use of resources, recently the International monetary Fund provided direct budget support six years after donors suspended the support due to Cashgate, the siphoning of state funds by civil servants.

 

The African Development Bank has also indicated it will resume direct budget support to Capital Hill.

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