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Zimbabwe: WB Approves U.S.$2,2m Grant

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The World Bank (WB) has approved a US $2,2 million grant for Zimbabwe's recovery and resilience projects to address the devastating impact of Cyclones Idai and Kenneth in March last year.

Implementation of the material measures and actions set out in the ESCP will be monitored and reported to the World Bank.

The bank will monitor and assess progress and completion of the material measures and actions throughout implementation of the project.

"As agreed by the bank and the recipient through MoFED, this ESCP may be revised from time to time during project implementation, to reflect adaptive management of project changes and unforeseen circumstances or in response to assessment of project performance conducted under the ESCP itself," World Bank said.

Where project changes, unforeseen circumstances, or project performance result in changes to the risks and impacts during project implementation, the ministry shall provide additional funds, if needed, to implement actions and measures to address such risks and impacts.

Source: allAfrica.com
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