WB helps improve governmental agencies’ capacity
The amount will help the agencies to make plans and prepare for public investment.
WB Country Director Victoria Kwakwa said raising the speed and quality of project preparation will help implementation progress with capital disbursement, and bring socio-economic benefits to recipients.
A project preparation facility is expected to be launched from October this year and run until October, 2015.
Finance for the facility will be sourced from the International Development Association, WB capital to assist low-income countries.
Victoria Kwakwa also said that with increasing demand for socio-economic development projects, the facility is designed to improve quality of inflow, shorten time of project preparation and enhance the capacity of governmental agencies as well as consultants.
