World Bank Provides Grant to Fight Food Insecurity in Ethiopia
January 19, 2007| |
The World Bank extended its support to Ethiopia through a US$175 million grant to finance the second phase of an existing operation, the Productive Safety Net Program (PSNP). The program provides direct grants for those physically unable to work, and at the same time, supports a large-scale public works initiative which pays wages to food insecure but able-bodied citizens. By replacing food aid with jobs and cash payments, the program helps stimulate rural economies while also addressing some of the underlying causes of food insecurity. With the help of the PSNP, Ethiopia is now on the road to recovery, posting a comparatively strong growth performance in recent years.
Visit http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:21178555~pagePK:34370~piPK:34424
~theSitePK:4607,00.html to read the press release.
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