World Bank Pledges $1 Bln To Aid Peace In Africa's Great Lakes

Category: World / May 22, 2013 2:29PM EDT


The World Bank pledged 1 billion U.S. dollars on Wednesday (May 22) to fund development in central Africa's Great Lakes region in return for peace, but fresh fighting in eastern Congo underscored the challenges facing the area.

World Bank President Jim Yong Kim unveiled the proposed aid for one of Africa's most conflict-ridden regions on the first day of a trip with U.N. chief Ban Ki-moon to Democratic Republic of Congo, Rwanda and Uganda.

The aid package is part of efforts to link immediate security with lasting political and economic solutions, giving countries an incentive to stick with peace.

"Today I'm happy to announce that the World Bank group will provide more than one billion dollars in additional funding in addition to the funds we provide directly to the country. Additional funding to help improve the lives to the people in the Democratic Republic of Congo and other countries in the Great Lakes. This new funding to provide better health, education, nutrition, job training and another services for the people in this region and so many families and suffering in the conflict for too long," said World Bank Group President Jim Yong Kim.

The biggest chunk of the aid - 340 million U.S. dollars - will go towards an 80-megawatt hydroelectric project to ease chronic black-outs.

Video Source: Reuters