Malawi - Adaptable Program Loan for Shire River Basin Management Program Project : summary of discussion (English)

Executive Directors approved a credit in the amount of SDR 60.6 million (US$93.75 million equivalent) and a grant in the amount of SDR 20.2 (US$31.25 million), together with a grant from the global environment facility in the amount of US$5.08 million... See More + Executive Directors approved a credit in the amount of SDR 60.6 million (US$93.75 million equivalent) and a grant in the amount of SDR 20.2 (US$31.25 million), together with a grant from the global environment facility in the amount of US$5.08 million, and a grant from the least developed countries fund in the amount of US$1.50 million for the Adaptable Program Loan for Shire River Basin Management Program Project for Malawi on the payment terms and conditions set out in the President's memorandum. Directors expressed support for the objectives of the project, which will support Malawi's efforts to develop a long-term vision for the critical Shire Basin, develop crucial water resources infrastructure, and address key challenges related to management of natural resources, on which the majority of rural livelihoods and economy is based. In that context, they highlighted the importance of addressing institutional capacity challenges and encouraged close monitoring and support during implementation. Finally, Directors urged continued collaboration with development partners.  See Less -