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Guyana,United States : WORLD BANK clears US $21 million for flooding and education

June 9, 2014

The World Bank announced approval of US $11 million to help combat flooding and US $10 million for education, mathematics in particular.

The World Bank press release follows:

More than 300,000 people from the flood prone region of East Demerara will benefit from reduced flooding and climate risks as a result of a US $11 million credit from the International Development Association (IDA) approved by the Board of Executive Directors of the World Bank.

Nearly 90% of Guyana s population lives in this narrow coastal plain, largely below sea level and vulnerable to climate change. Extreme rainfall resulted in flooding and damages estimated at nearly 60% of GDP or US $465 million at the time. The impact on poverty was evident and many subsistence farmers, small business operators and vendors were affected.

Specifically, the project will:

-Upgrade critical sections of the East Demerara Water Conservancy dams and

-Improve drainage capacity in priority areas along the East Demerara coast.

-Increase flood preparedness by installing instruments to monitor hydro-meteorological data.

The second project approved for US $10 million will increase enrollment in general secondary schools and improve standards of mathematics teaching for secondary education.

These 2 credits aim at reducing poverty and providing opportunities for all Guyanese by reducing vulnerability to climate change and ensuring quality secondary education.

About 85% of young Guyanese are enrolled in secondary education.

Among concrete results to be achieved by the project are:

-2,600 new students from vulnerable areas enrolled in general secondary

-A pilot technology-assisted learning in mathematics

-600 secondary mathematics teachers trained, mathematics standards for secondary school teachers increased, and math kits distributed to 250 secondary schools.

These IDA credits to the Government of Guyana have a final maturity of 25 years, with a 5 year grace period.

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Source: TendersInfo (India)

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