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WB Pledges To Increase Support To Africa’s Agric Sector
Date Uploaded: Oct 19, 2016

Director for the African Region External Communication (AFREC), Haleh Bridi


WB Pledges To Increase Support To Africa’s Agric Sector

By Ballah M. Kollie                                                           

MONROVIA, October 19 (LINA) – The World Bank (WB) has pledged its commitment to increase support to the agriculture sector of Africa.

According to bank’s Director for the African Region External Communication (AFREC), Haleh Bridi, since 2006, the bank has annually increased its support to the continent from US$700 million to around a billion dollars.

She pledged that this amount will further increase in the coming years.

Bridi was speaking Monday during the observance of this year’s “End Poverty Day”.

The “End Poverty Day” was celebrated under the global theme: “Food and jobs: fighting poverty through sustainable agriculture.”

Bridi identified the lack of effective policy to govern the continent’s agriculture sector as the weaker point, rather than the acquisition of land, finance, machine and capacity as argued by some participants at Monday’s event.

She noted that policy on agriculture plays a critical role in helping the sector as there is need for resilient centers to upgrade agriculture.

Some participants, including those from Nigeria, Sierra Leone and Liberia, argued that the bank’s investment does not match the reality in their respective countries.

They want the World Bank to revisit their strategies as a means of insuring that its support achieves the desired outcome.

Participating Anglophone countries included Angola, Ethiopia, Sudan, Rwanda, and Malawi.

Others were Zambia, Mozambique, Tanzania, Sierra Leone, Liberia, Ghana, Nigeria, South Africa, Lesotho, Botswana and Zimbabwe.

The focus of the discussion was how sub-Sahara Africa can use agriculture to end poverty.


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