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Home World News

World Bank swells Berlin Conference on ‘Boko Haram’ crisis with $600m

5th September 2018
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The World Bank has announced an additional $600 million (about N216 billion) for projects in the Lake Chad Basin region devastated by the Boko Haram terrorists.

The World Bank made the announcement at the Berlin Conference on Boko Haram crisis, which held on Monday and Tuesday in Berlin.

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The two day high-level humanitarian conference was organised by the Governments of Nigeria, Germany and Norway, together with the United Nations.

The African Development Bank (AfDB) and the Islamic Development Bank also supported the Lake Chad Basin region with grants and concessional loans respectively.

The UN Emergency Relief Coordinator, Mr Mark Lowcock, thanked the banks and countries for their generous donations and supports in a series of tweets.

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“Thank you WorldBank for your incredible support to Lake Chad Basin and for announcing an additional $600M for projects throughout the region!

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“Many thanks AfDB for your grant of US $35.65M to the #LakeChadBasin as well as the announcement of US $57.3M in concessional loans,” Lowcook said.

According to him, the Islamic Development Bank is supporting the Lake Chad Basin with $80 million in concessional loans.

The UN humanitarian chief also thanked Ireland for pledging 7.3 million euros; Sweden, 32 million pounds; the Netherlands, 12.1 million pounds; Italy, 15 million pounds; and Poland, 230,000 pounds.

“I was so pleased to see the contributions from donors to development activities in the #LakeChadBasin through the UN Peacebuilding Support Office,” Lowcock said.

The News Agency of Nigeria (NAN) recalls that the conference raked in about $2.52 billion dollars in pledges and concessional loans, with Germany, the host country, pledging 265 million euros and Norway, 125 million dollars.

The others were Switzerland, 20 million dollars; France, 131 million Euros; Belgium, 45 million Euros; Finland, 2.3 million Euros; and Denmark, 72.5 million dollars.

NAN recalls that the United Kingdom pledged 146 million pounds; Canada, 68 million Canadian dollars; European Union, 231.5 million euros; Luxembourg, 40 million euros and Spain, 3.2 million euros.

Tags: AfDBBoko Haramlake chad basin regionmark lowcockun emergency reliefun peacebuilding support officeworld bank
Ajiri Daniels

Ajiri Daniels

Sun News Online Team

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Comments 1

  1. Ezekiel Okeke says:
    4 years ago

    The fraudulent criminal World Bank, IMF etc. of 20th century world international order are dead and gone forever. 20th century world international order is dead and gone forever. Anglo-America has fallen and gone forever with their fraudulent criminal UN of 20th century world international order. This is 21st century world international order which has Southern Countries Union- SCU under which this territory natives of Disintegrated Republics exist, under which 21st century Africa exist. Southern Countries Union- SCU which comprises Asia, Africa, South America and parts of Europe led by Russia, Turkey representing Europe, China, India, Japan, Indonesia representing Asia, Brazil, Mexico representing South America, Egypt, South Africa representing Africa, with Southern Union Bank- SUB, Southern Monetary Fund- SMF, Southern Secondary Currency- SSC which serves as major trading currency etc. with its international instruments for finance, transactions, trade etc. Existence securities and freedom of countries of EU in this 21st century world international order is only under Union of EU and relations with Southern Countries Union- SCU. God Is With Us!!!

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