Thursday the World Bank Board of Directors approved the first Country Partnership Strategy for Samoa.
The new Strategy focuses on encouraging broad based growth; reducing vulnerability to economic shocks, natural disasters and climate change; and supporting greater global integration to provide opportunities for Samoans.
– The Country Partnership Strategy represents a strengthening of the relationship between the World Bank and Samoa, said Ferid Belhaj, World Bank Country Director for the Pacific Islands.
– It has been developed through extensive consultations and will guide the Bank as we scale up support for Samoa and the Pacific islands more broadly, to ensure that we deliver real results for the people, he said.
Over recent years Samoa has been adversely affected by a number of external shocks, including a devastating tsunami in 2009, food and fuel price spikes and the global financial crisis.
