WASHINGTON, December 16, 2021 – The World Bank today approved a grant of $ 167.5 million to support the Government of Mozambique’s Social Protection and Economic Resilience Project, which aims to improve the effectiveness and efficiency of the health care system. social protection in Mozambique. Of the total amount of the project, $ 41 million is provided by a multi-donor trust fund made up of the Foreign, Commonwealth & Development Office of the United Kingdom, Sweden and the Netherlands, while the remainder comes from the International Association. World Bank Development Agency (IDA) *.
“This is a much needed operation for Mozambique, given the country’s vulnerability to conflict, extreme weather events, COVID-19 and other factors,” noted Idah Z. Pswarayi-Riddihough, World Bank Country Director for Mozambique, Madagascar, Comoros, Mauritius and Seychelles.
The project responds to the need to put in place a social protection system focused on the poorest families in order to effectively improve living conditions and increase resilience to shocks. “Mozambique has made progress in building a social protection system, and it is time to improve its impact on the poor and vulnerable in the most effective way,”“added Edmundo Murrugarra, Senior Social Protection Economist and Project Team Leader. “This is why this operation brings together the three largest social protection programs to improve synergies and help create a critical path out of extreme poverty. “
“The project draws on local and global experiences to extend social protection for families with children, strengthen human capital and boost women’s economic empowerment. added Samantha Zaldivar Chimal, Social Protection Specialist and Project Team Leader.
“In addition, this operation will allow the sector to access emergency financing to quickly respond to climatic, health and economic shocks. Social protection as part of an emergency response, known as adaptive social protection, helps mitigate the impacts of shocks and builds household resilience through livelihood activities. noted Jordi Gallego-Ayala, social protection specialist and project team leader.
This project will contribute to the achievement of the Government’s National Strategy for Basic Social Security 2016-2024, and its Five-Year Program 2020-2024. This operation is aligned with the World Bank Group Country Partnership Framework (CPF) for Mozambique FY17-21, in particular its focus on human capital and the need to support Mozambique’s recovery from the recent cyclones and pandemic. .
* The World Bank’s International Development Association (IDA), established in 1960, helps the world’s poorest countries by providing grants and loans at low-to-zero interest rates for projects and programs that stimulate economic growth, reduce poverty and improve the lives of the poor. IDA is one of the most important sources of assistance for the 74 poorest countries in the world, including 39 in Africa. IDA resources are bringing positive change to the 1.3 billion people who live in IDA countries. Since 1960, IDA has provided $ 458 billion to 114 countries. Annual commitments have averaged around $ 29 billion over the past three years (FY19-FY21), with around 70 percent going to Africa. Learn more online: IDA.worldbank.org. #IDAworks