US $17.5 million for capacity building

The World Bank has approved some US $17.5 million for supporting ongoing efforts to build economic and financial management capacity in Chad, the Bank said in a news release on Friday. The project would help Chad develop sustainable capacity in five inter-related areas: public financial management, production of a comprehensive poverty database, development of human resources, improvement of financial oversight and control, and monitoring of economic reform and the coordination of capacity building, the World Bank said. "This project would build on two previous capacity building operations which made an important contribution to Chad's post-conflict reconstruction effort and the implementation of a fiscal and economic reform programme over the past four years," Eugene Scanteie, the bank's project manager, said.