Published by Gbaf News
Posted on December 30, 2010
2 min readLast updated: January 22, 2026
The World Bank Board of Executive Directors approved today a US$10 million loan from the International Development Association (IDA) for the Economic Diversification Project (SEDP) in the Republic of Congo.
The project will receive a 50% co-financing from the government raising its total to US$20 million. It illustrates a new type of partnership that is increasingly redefining the relationship between the World Bank and the Government of the Congo Republic, one that focuses more on using the bank technical assistance leveraging the country financial resources to further the country’s development objectives. The objective of the Support to Economic Diversification Project is to promote private sector growth and investment in the non-oil sectors in the Republic of Congo.
The project has three main components:
It is important to note that the preparation and implementation of this project is being coordinated in a joint effort with projects from other development partners namely AfDB, EU, AFD, and ONUDI.
The Economic Diversification Project will be implemented over the course of five years.
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