Reports & News

Fri - 22 May 2020 - 08:13 PM ،،،


 The World Bank on Thursday approved a record $500 million (Dh1.8 billion) in grants and low-interest loans to help countries in Africa and the Middle East fight swarms of desert locusts that are eating their way across vast swaths of crops and rangelands.

The first countries to be financed under the initial phase of the program are Djibouti, Ethiopia, Kenya, and Uganda, with a total financing package of US$160 million.

“Locust swarms present a double crisis for countries that are also battling the COVID-19 pandemic,” said World Bank Group President David Malpass. “Together, this food supply emergency combined with the pandemic and economic shutdown in advanced economies places some of the world’s poorest and most vulnerable people at even greater risk.” He said Yemen, Somalia and other affected countries could tap funds as needed.