{"id":26107,"date":"2022-12-19T10:00:53","date_gmt":"2022-12-19T10:00:53","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/gambia-to-benefit-from-wb-us246m-to-strengthen-coastal-resilience"},"modified":"2022-12-19T11:09:09","modified_gmt":"2022-12-19T11:09:09","slug":"gambia-to-benefit-from-wb-us246m-to-strengthen-coastal-resilience","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/gambia-to-benefit-from-wb-us246m-to-strengthen-coastal-resilience","title":{"rendered":"Gambia to benefit from WB US$246M to strengthen coastal resilience"},"content":{"rendered":"

Africa-Press – Gambia. <\/strong><\/span>Populations at immediate risk from coastal erosion, flooding and pollution, and people depending on agroindustry and tourism along the coastlines in The Gambia, Ghana, and Guinea-Bissau will benefit from the West Africa Coastal Areas Resilience Investment Project (WACAResIP 2), approved today for a total amount of $246 million in International Development Association (IDA)* financing, including a $5million PROBLUE grant.<\/b><\/p>\n

This second WACAprojectincludes a grant to the West African Economic and Monetary Union (WAEMU) to coordinate regional organizations in improving regional integration, managing environmental flows, and achieving economies of scale in managing shared coastal resources needed for climate resilience. The World Bank financing has leveraged private sector finance for blue carbon credit announced at the 2022 United Nations Climate Change Conference (COP27).<\/p>\n

The blue economy is essential. About 42% of West Africa\u2019s GDP is generated in coastal areas, where almost one-third of the population resides. The second WACA project is an expansion of the WACA Program that already included Benin, Cote d\u2019Ivoire, Mauritania, Sao Tome and Principe, Senegal, and Togo. In The Gambia, Ghana, and Guinea-Bissau, the new project will support physical coastal protection using a combination of nature-based solutions and grey infrastructure to protect economic and livelihood assets from coastal erosion and flooding and includes social investments at community level to increase climate-resilient at local level.<\/p>\n

Development challenges in coastal West Africa are complex and multisectoral in nature, and no country alone can fix them. That is why the WACA Program by design includes regional integration and solutions.\u201cThere is no doubt that physical cross-border solutions are required to stabilize the coastline from coastal erosion as we have seen between Togo and Benin already. This require common policy, approaches and collaboration, and the WAEMU is keen to bring this to scale in WACA ResIP 2,\u201d says Kako Nubukpo, WAEMU Commissioner for Food Security, Resources and Environment<\/b>.<\/p>\n

Apart from the WAEMU, other key institutions participating in the WACA Programinclude: the Economic Commission of West African States (ECOWAS), the Economic Community of Central African States (ECCAS), the Secretariat of the Abidjan Convention (ABC), the Centre de Suivi Ecologique (CSE), the International Union for Conservation of Nature (IUCN), the Regional Partnership for Coastal and Marine Conservation (PRCM), the Regional Network of Marine Protected Areas in West Africa (RAMPAO), the Port Management Association of West and Central Africa (PMAWCA), and the Africa regional Center of Excellence for Coastal Resilience (ACECoR) at University of Cape Coast, Ghana.<\/p>\n

\u201cSolutions are bound to be regional to achieve sustainable results, and we see a natural complementarity in the mandates of these institutions each of which focus on specific aspects, including economic, environmental, financial, policy, human resources, and research capacity development,\u201d says Boutheina Guermazi, World Bank Director for Regional Integration for Sub-Saharan Africa, the Middle East and Northern Africa<\/b>.\u201cWe are pleased to see an increasing cooperation and dialogue around the WACA Program. By working together with the countries, these institutions bring an adequate response and economies of scale at the regional level. Bringing in an academia partner \u2013 the ACECoR \u2013 is important to train the next generation of highly qualified human resources to achieve sustainable results.\u201d<\/p>\n

The WACA Program was launched in 2018, in response to countries\u2019 request for solutions and finance to help protect and restore the ecological, social, and economic assets of West Africa\u2019s coastal areas by addressing coastal erosion, flooding, and pollution. It helps participating countries to stabilize the coastline, prevent loss of critical infrastructure like coastal roads for transport, and to support healthy and productive coastal waters needed for food security and natural capital.<\/p>\n

With the second WACAproject approved, the total World Bank financing to the WACA Program amounts to $492 million (including grants of $20 million from the Global Environment Facility and $5 million from PROBLUE), covering engagements in nine countries, including: Benin, Cote d\u2019Ivoire, The Gambia, Ghana, Guinea-Bissau, Mauritania, Sao Tome and Principe, Senegal, and Togo, and the WAEMU and associated regional institutions.<\/p>\n

For More News And Analysis About Gambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Gambia. Populations at immediate risk from coastal erosion, flooding and pollution, and people depending on agroindustry and tourism along the coastlines in The Gambia, Ghana, and Guinea-Bissau will benefit from the West Africa Coastal Areas Resilience Investment Project (WACAResIP 2), approved today for a total amount of $246 million in International Development Association […]<\/p>\n","protected":false},"author":84,"featured_media":26106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[2355,2361,260],"class_list":["post-26107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-gambia","tag-gambia"],"yoast_head":"\nGambia to benefit from WB US$246M to strengthen coastal resilience - Gambia<\/title>\n<meta name=\"description\" content=\"Populations at immediate risk from coastal erosion, flooding and pollution, and people depending on agroindustry and ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/gambia-to-benefit-from-wb-us246m-to-strengthen-coastal-resilience\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gambia to benefit from WB US$246M to strengthen coastal resilience\" \/>\n<meta property=\"og:description\" content=\"Populations at immediate risk from coastal erosion, flooding and pollution, and people depending on agroindustry and ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/gambia-to-benefit-from-wb-us246m-to-strengthen-coastal-resilience\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-19T10:00:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-19T11:09:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2022\/12\/postQueueImg_1671431733.39.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1142\" \/>\n\t<meta property=\"og:image:height\" content=\"692\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/gambia-to-benefit-from-wb-us246m-to-strengthen-coastal-resilience#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/gambia-to-benefit-from-wb-us246m-to-strengthen-coastal-resilience\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Gambia to benefit from WB US$246M to strengthen coastal resilience\",\"datePublished\":\"2022-12-19T10:00:53+00:00\",\"dateModified\":\"2022-12-19T11:09:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/gambia-to-benefit-from-wb-us246m-to-strengthen-coastal-resilience\"},\"wordCount\":668,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/gambia-to-benefit-from-wb-us246m-to-strengthen-coastal-resilience#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2022\/12\/postQueueImg_1671431733.39.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Gambia\",\"Gambia\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/gambia-to-benefit-from-wb-us246m-to-strengthen-coastal-resilience#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/gambia-to-benefit-from-wb-us246m-to-strengthen-coastal-resilience\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/gambia-to-benefit-from-wb-us246m-to-strengthen-coastal-resilience\",\"name\":\"Gambia to benefit from WB US$246M to strengthen coastal resilience - 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