World Bank grants Guinea Bissau US$15 million for Portuguese-speaking nations meeting

14 June 2006

Bissau, Guinea Bissau, 14 June – The World Bank said Monday that it would grant the Guinea Bissau government US$15 million for urban projects, mainly to put an end to water and electricity shortages in the country’s capital city and to prepare Bissau for the first Community of Portuguese-speaking Nations (CPLP) summit scheduled to begin on July 17.

After a meeting with Guinean Prime Minister Aristides Gomes, the director of the World Bank for Africa, Guinean economist Paulo Gomes said that the agreement would be signed Wednesday and that the funding would be made available quickly.

Gomes, who has been in Bissau since Friday on a political, economic and social assessment mission, added that the amount was what was “possible” for the time being, although he admitted it was possible to increase the amount within a month.

“I think I will be here at the time of the CPLP. At that time we will cover all problems in detail,” he said. (macauhub)