{"id":35055,"date":"2023-05-16T06:39:30","date_gmt":"2023-05-16T06:39:30","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/?p=35055"},"modified":"2023-05-16T09:25:46","modified_gmt":"2023-05-16T09:25:46","slug":"world-bank-approves-460-million-for-regional-harmonization-and-improvement-of-statistics-in-western-and-central-africa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/world-bank-approves-460-million-for-regional-harmonization-and-improvement-of-statistics-in-western-and-central-africa","title":{"rendered":"World Bank Approves $460 Million For Regional Harmonization And Improvement Of Statistics In Western And Central Africa"},"content":{"rendered":"

Africa-Press – Gambia. <\/strong><\/span>The World Bank yesterday approved $460 million in credits and grants from the International Development Association (IDA) to improve and harmonize data systems in eight countries in Western Africa and three regional organizations.<\/b><\/p>\n

The Harmonizing and Improving Statistics in West and Central Africa (HISWACA) Project, Phase 1, is aimed at building statistical capacity to improve the quality of data production, regional harmonization, data access and ,as well as modernize statistical systems in Benin ,Guinea, Guinea-Bissau, Mali, Mauritania, Niger, Senegal, and The Gambia. It will also support the statistical divisions of the Economic Community of West African States (ECOWAS), the West African Economic and Monetary Union (WAEMU),and the African Union (AU) to better coordinate and improve the harmonization of statistics across the region.<\/p>\n

The new project will enhance evidence based decision- making, resource allocation, accountability and transparency in a region that is home to over 120 million people living in extreme poverty.<\/p>\n

\u201cAccurate, timely, and reliable data and statistics are critical for designing, implementing, and monitoring effective development policies and programs to accelerate poverty reduction, promote equitable growth and address climate change,\u201d said Boutheina Guermazi, World Bank Director for Regional Integration for Africa and the Middle East. \u201cQuality data that are comparable across countries are also vital for fostering regional economic integration to accelerate growth.\u201d<\/p>\n

While considerable efforts have been made to improve statistical capacity in Sub-Saharan Africa, progress has been slow and uneven across countries. Most Western and Central African countries. Currently rank among the bottom 40% globally on the World Bank\u2019s new Statistical Performance Indicators (SPI), which assess a country statistical system\u2019s ability to meet users\u2019needs and contribute to better decision-making.<\/p>\n

The availability of high-quality statistics is key for successful implementation of poverty reduction strategies, economic progress, and development outcomes.<\/p>\n

\u201cWell performingmodernstatisticalsystemsthatproducehigh-qualitydataarecriticaltohelpimprove lives and livelihoods. This regional project will be a game-changer in transforming data landscape into West African economies and for their people,\u201d said Johan A. Mistiaen, World Bank Practice Manager for Equitable Growth, Finance and Institutions for Western Africa.<\/p>\n

A second phase of HISWACA project, currently under preparation, will cover Cameroon, Central Africa Republic, Chad, Gabon, and the Republic of Congo.<\/p>\n

The International Development Association (IDA) is the World Bank\u2019s fund for the poorest. Established in 1960, it provides grants and low to zero-interest loans for projects and programs that boost economic growth, reduce poverty, and improve poor people\u2019s lives. IDA is one of the largest sources of assistance for the world\u2019s 76 poorest countries, 39 of which are in Africa. IDA resources help effect positive change in the lives of the1.6 billion people living in the countries that are eligible for its assistance. Since its inception, IDA has supported development work in 113 countries. Annual commitments are constantly on the rise and have averaged $21 billion over the past three years with about 61% going to Africa.<\/p>\n

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

Africa-Press – Gambia. The World Bank yesterday approved $460 million in credits and grants from the International Development Association (IDA) to improve and harmonize data systems in eight countries in Western Africa and three regional organizations. The Harmonizing and Improving Statistics in West and Central Africa (HISWACA) Project, Phase 1, is aimed at building statistical […]<\/p>\n","protected":false},"author":84,"featured_media":35054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,2366],"tags":[2355,2361,260],"class_list":["post-35055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-gambia","tag-gambia"],"yoast_head":"\nWorld Bank Approves $460 Million For Regional Harmonization And Improvement Of Statistics In Western And Central Africa - Gambia<\/title>\n<meta name=\"description\" content=\"The World Bank yesterday approved $460 million in credits and grants from the International Development Association ( ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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