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France calls on World Bank to aid vulnerable states
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SME Times News Bureau | 30 Aug, 2016
French President Francois Hollande called on the World Bank to further
bolster financial aid to the world's poorest countries and most
vulnerable states, notably in the Sahel and the Middle East.
At a
meeting with World Bank President Jim Yong Kim on Monday, Hollande
hailed the institution's efforts in helping to handle the refugee crisis
but asked it "to intensify efforts in fragile and vulnerable countries,
particularly in the Sahel, so that development projects can be
implemented quickly."
In this context, Hollande urged a quicker
launch of a World Bank facility in the North Africa and Middle East
region, to which France will provide $800 million in guarantees to help
financing reconstruction and recovery, Xinhua news agency quoted his
office as saying.
Hollande and Kim Yong, also expressed common
commitment to encourage the use of renewable energy in Africa, a region
severely hit by climate degradation.
In addition, they reiterated
the need for world leaders to honour their pledge to offer $100 billion
to the poorest states to help fight climate change.
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