World Bank approves $142 million to support resilient livelihoods in Malawi

World Bank approves $142 million to support resilient livelihoods in Malawi

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The World Bank Board of Executive Directors approved a total of $142 million equivalent for the Malawi Social Support for Resilient Livelihoods project. The project will improve resilience among the poor and vulnerable population of Malawi through social cash transfers and support income-generating investments at household level.

“The Malawi Social Support for Resilient Livelihoods project supports the roll-out of a national system for social protection. As such it will be a major catalyst for strengthened human capital development and resilience programmes in Malawi, which will be at the core of our new Country Partnership Framework currently under development”, says Greg Toulmin, World Bank Country Manager for Malawi. “The project will also contribute to the reduction of gender gaps in human capital and the strengthening of the governance systems that are necessary for effective delivery of safety net systems at both national and local levels.”

The project will have four focus areas built strongly on the success of the social cash transfer programme. It will help improve social and economic inclusion through cash transfers, livelihoods support, enhanced public works and provide financing in time of crisis. It will also strengthen harmonized delivery systems to promote harmonization within the social safety net sector and potentially link to other sectors to improve effectiveness of delivering interventions. The project will provide capacity building and institutional support through learning and help set up the institutional structure necessary for project implementation. Finally, the project will establish a contingent emergency response for rapid reallocation of project funds in the event of a natural or man‐made disaster or crisis that has potential to cause a major adverse economic or social impact.

Original source: World Bank
Published on 12 December 2019