World Bank Approves $500m Loan To Nigeria To Improve Maternal-Child Health

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THE World Bank Group has approved the sum of US$500 million to significantly improve maternal, child and nutrition health services for women and children in Nigeria.

The fund, announced by the Group yesterday, is an International Development Association (IDA) credit.

The World Bank’s IDA, established in 1960, helps the world’s poorest countries by providing grants and low to zero-interest loans for projects and programmes that boost economic growth, reduce poverty and improve poor people’s lives.

IDA is one of the largest sources of assistance for the world’s 77 poorest countries, 39 of which are in Africa. According to the World Bank, since 1960, IDA has supported development work in 112 countries.

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Among other things, the funds is expected to be disbursed to the federal and state governments for independently verified improvements in key services such as vaccination coverage among young children, rates of contraceptive use, Vitamin A supplementation, skilled birth attendance, HIV counselling and testing among women attending antenatal care and preventing new malaria infections among children by using insecticide- treated bed nets when they sleep.

Source: http://www.ngrguardiannews.com