The Board also approved a total of $31 million in concessional financing for Djibouti from IDA, the World Banks fund for the worlds poorest countries, for 3 operations:, (i) US$20 million for the Development Response to the Displacement Impacts under the US$175 million Regional Horn of Africa Initiative
; (ii) US$7 million additional financing for the Rural Community Development and Water Mobilization Project; and (iii) US$4 million additional financing for the Social Safety Net Project.
World Bank Group: It has pledged $1.8bn for cross-border activities in a Horn of Africa Initiative
to boost economic growth in Djibouti, Eritrea, Ethiopia, Kenya, Somalia, South Sudan, Sudan, and Uganda, in addition to its existing development programmes for the eight countries.
On the first day of the joint trip, the World Bank Group announced a major new financial pledge of $1.8 billion for cross-border activities in a Horn of Africa Initiative
that will boost economic growth and opportunity, reduce poverty, and spur business activity.
All proceeds from AHKtoong BAY-bi Covered sales will be benefiting Concern's Horn of Africa initiative
, whose mission is to provide emergency relief for the region's 10 million people being affected by severe drought.
The Greater Horn of Africa Initiative
(GHAI), aims at easing the perennial food insecurity in a region extending from Eritrea and Ethiopia to Tanzania by promoting collaboration and consultation on food security strategies.
In early 1995 the Clinton administration launched the "Greater Horn of Africa Initiative
" to provide for long-term "food security" in the region.(39) Of the $22 million in aid the United States was to give to Eritrea during FY1995, over half was food aid and emergency food relief.
The United States Government has contributed $1m under the Greater Horn of Africa Initiative
towards water weed management, and the entry of Aquatics Unlimited comes only a few months after efforts by the European Union to provide effective harvesting failed.