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A Nigerian genius professor has broken very much into the world of science and is now set to receive the U.S government’s highest award for scientists.

 

Professor Deji Akinwande

Highly acclaimed professor, Deji Akinwande has been selected to receive a ‘2016 Presidential Early Career Award for Scientists and Engineers (PECASE)’ by President Barrack Obama, the United States government’s highest honor for scientists and engineers in the early stages of research.

Prof. Akinwande is an associate professor in electrical and computer engineering and the Jack Kilby/Texas Instruments Endowed Faculty Fellow in Computer Engineering in the Cockrell School of Engineering at The University of Texas at Austin.

He is among 106 recipients announced by the White House on Thursday. The winners, who will be honored at a ceremony in Washington, D.C., this spring, were selected for having research that is both innovative and beneficial to society. Prof. Akinwande is one of two PECASE recipients from The University of Texas at Austin. The other recipient is Prof. Keji Lai from the Department of Physics.

Now in its 20th year, the Presidential Early Career Awards are coordinated through the President’s Office of Science and Technology Policy, which selects winners “for their pursuit of innovative research at the frontiers of science and technology and their commitment to community service as demonstrated through scientific leadership, public education, or community outreach.”

Prof. Akinwande is known for his groundbreaking research on nanomaterials, sensors, devices and flexible technology. He is considered one of the top researchers in the world in the areas of graphene, silicon electronics and 2-D nanomaterials for use in flexible electronics. In 2015, Akinwande created the first transistor out of silicene, the world’s thinnest silicon material, and he is continuing to advance the capabilities of computer chips and other electronics.

Prof. Akinwande has been the recipient of several prestigious awards, including the Inaugural IEEE NANO “Geim and Novoselov Graphene Prize,” an IEEE Early Career Award in Nanotechnology, a National Science Foundation Career Award, an Army Research Office Young Investigator award, and a Young Investigator award from the Defense Threat Reduction Agency.

Previously, Texas ECE professor Mattan Erez received the PECASE award in 2014 and Prof. Seth Bank received the PECASE award in 2009.

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It perplexes me when a lady often nags and finds fault in everything just because her boyfriend is going through difficult time but the moment he climbs the ladder of success and achieves greatness, she will start being tolerant and nice even though she has been a nagging girlfriend.

When this character is noticed in a lady, it should ring a bell to guys that careful tactful need to be employ when dealing with such lady.

Below are the evidences that shows a lady will become very stingy when you marry her.

1. She presents inferior gifts to her boyfriend

For a lady who present inferior gifts such as N100 recharge card, mallam perfume, slippers, china boxers and singlets as birthday gift for her boyfriend shows that she will become a stingy and disastrous wife. It’s a shameful thing to see how some ladies treat their boyfriends like a worthless dog hereby presenting an inferior gift to a guy who went extra mile to please them during their birthday celebration.

2. She doesn’t want to lose anything

According to Prof Tosyne2much, he opined that some ladies are so stingy that they share similar characteristics with our policemen. When you visit them, you will be the one to spend, when they visit you, you will still be the one to spend. These kind of ladies are stingy and will contribute nothing in marriage.

3. She always claim to be broke

A lady who always claims to be broke at all time when her account is actually fat indicates that the probability is high for her to become a home wrecker. Such ladies are only interested in what a guy can offer financially but immediately things turn sour, you won’t see their brake light again.

4. I can’t spend on guys

It’s a huge blow on ladies whose brains are wired to the belief that financial responsibilities and pressure should only be mounted on guys while the ladies go about flexing. As a result of this, many of them see marriage as a route to escape from poverty. Some of them will even say that they can never call a guy who sends them recharge card (what a wack mentality). These kind of ladies can’t help build a home.

5. She can’t Lend her Boyfriend Money

It’s very shameful that many useless ladies always claim that they can’t respect their boyfriends if they borrow him money. This is nothing but bullshit. The last time I check, relationship is give and take and it should emanate from both side. Never even consider walking down the aisle with such a lady.

6. She hates the idea of doing dutch on dates

I have seen cases where some stingy ladies grumble and murmur like children of Israel saying that their boyfriends do not love them just because their boyfriends demanded that the bill be splitted and paid by each party when on date. These categories of ladies will end up causing problems in the family as they are stubborn headed to pool resources together.

7. She’s desperate to know her boyfriend’s monthly income

I don’t really blame guys who are bent on not disclosing their monthly income to their girlfriend, this is because many ladies are only curious to know so that they will know how to bring up cooked up stories to scam him. Survey has it that any lady who is desperate to know her boyfriend’s monthly income is nothing but a selfish lady. Desist from such a lady.

8. She wants everything for free

They always advocate no sex before marriage yet they want everything for free while they are not ready to pay a sacrifice. However, ladies who want everything on a platter of gold need to understand that a guy will never cherish you if you are always at the receiving end. Guys like it when they beg a lady to accept their money or gifts. Ladies of this nature will become stingy wives.

Daniel Dada Ayodele, will be the star to watch out for during the 2014/2015 Convocation of the University of Lagos (UNILAG) next week.

He made a Cumulative Grade Point Average (CGPA) of 5.00, which the Vice Chancellor of the university, Prof Rahamon Bello described as a perfect score record during a pre-convocation briefing Wednesday.

Bello said the Psychology student is one of the 178 First Class students ‎that would graduate during the three-day convocation programme. ‎

This year, a record has been set. A graduating student in the Department of Psychology, Faculty of Social Sciences, Mr Ayodele Daniel Dada is graduating with a CGPA of 5.00. “A perfect score.

This means he scored As in all courses he took in the programme.

I congratulate the graduate with a First Class‎.” The first time in the history‎ in what seems to be the first of its kind in the history of Nigeria’s education system, the University of Lagos, UNILAG, Akoka, will this year graduate a student who has been graded ‘excellent’ in all the courses taken while on campus.

The student, Ayodele Daniel Dada finished from the Department of Psychology. This was disclosed Wednesday morning by the university’s Vice-Chancellor, during a pre-convocation media briefing held at the university’s Senate Chamber.

According to the VC, the university was glad to break another academic ground, saying the candidate showed exceptional academic prowess.

He said a total of 10,907 students will be graduating including 5,472 undergraduates and 5,435 postgraduates, adding that a total of 177 others will be bagging First Class degree‎ certificates along with Dada.

The convocation programmes, which has formally kicked off with the media briefing will also feature a convocation lecture to be delivered by the Minister of Science and Technology, Dr. Ogbonaya Onu on Monday, February 28. Beauty and brains…

Feeling outraged, tickled or touched by something you spotted on Facebook? Now you can say so, after the social media giant added five new reactions to its basic “like” button.

“Like, love, haha, wow, sad or angry” — the expanded “reactions” feature rolled out globally on Wednesday is designed to let users express a range of emotions.

Facebook had been testing ways to add to the “like” button faced with complaints that it was sometimes inappropriate, especially in cases of tragic events.

“We’ve been listening to people and know that there should be more ways to easily and quickly express how something you see in News Feed makes you feel,” said product manager Sammi Krug in a blog post.

“That’s why today we are launching Reactions, an extension of the Like button, to give you more ways to share your reaction to a post in a quick and easy way.”

The familiar “like” button with a thumbs-up image will still be there, alongside the new emoticon icons.

“We understand that this is a big change, and want to be thoughtful about rolling this out,” Krug said.

“For more than a year we have been conducting global research including focus groups and surveys to determine what types of reactions people would want to use most. We also looked at how people are already commenting on posts and the top stickers and emoticons as signals for the types of reactions people are already using to determine which reactions to offer.”

The expanded reactions feature had been tested in several markets and is now rolling out globally, Krug said.

In unveiling plans last year, Facebook noted that it was not considering a “dislike” button despite the idea floated in some reports.

Facebook founder Mark Zuckerberg said in September that the “dislike” button was not coming “because we don’t want to turn Facebook into a forum where people are voting up or down on people’s posts. That doesn’t seem like the kind of community that we want to create.”

The new reactions buttons were unveiled last October as a test project for Facebook users in Spain and Ireland.

facebook likeZuckerberg said at the time that Facebook had been working on expanded options for some time.

“Not every moment is a good moment, and sometimes you just want a way to express empathy,” Zuckerberg said on his page last year.

“These are important moments where you need the power to share more than ever, and a ‘Like’ might not be the best way to express yourself.”

I would like to thank the Vietnamese people and Vietnamese leaders once again for the warm welcome and hospitality they have extended to me. It’s wonderful to be back here in Hanoi.

This morning, the Government of Vietnam and the World Bank Group launched the Vietnam 2035 report, a study that outlines a series of recommendations to help Vietnam become a modern and industrialized nation by 2035.

Vietnam is a remarkable development success story. In a short time, the country has charted a course of rapid, inclusive growth, delivering higher living standards for the majority of its people. The country’s extreme poverty rate has declined from 50 percent in the early 1990s to 3 percent today. On several non-income welfare measures, Vietnam is on par with countries with much higher levels of income. Only a handful of countries can boast of similar achievements.

How did Vietnam do it? A combination of strong leadership, good governance, a sense of common purpose, and a strong vision for the future were critical. Also important were a reliance on markets to allocate resources, and active engagement with the world on trade, investment, and knowledge flows.

Now, Vietnam’s goal—as written into the Constitution—is “a prosperous people and a strong, democratic, equitable, and civilized country.”

The Vietnam 2035 report lays out a path forward. It describes a policy and institutional agenda that stands on three pillars: First, to balance economic prosperity with environmental sustainability; second, to promote equity and social inclusion; and third, to bolster government capacity and accountability.

The report emphasizes the importance of increasing labor productivity growth to rapid development and suggests ways to achieve it. These include enhancing the competitiveness of domestic enterprises; reaping the benefits of urbanization; nurturing a creative and innovation-led economy; and addressing environmental stresses.

The report also offers policy options to make further progress in promoting equity and social inclusion, including targeting assistance to marginalized groups like ethnic minorities and delivering quality public services to an aging and urbanizing middle-class society.

Finally, the report recognizes that to meet Vietnam’s vision for 2035, its institutions of governance will need to become modern, transparent, and fully rooted in the rule of law.

Let me thank the Ministry of Planning and Investment as well as outside experts who were our partners in putting together this excellent Vietnam 2035 report. Thank you. I am happy to answer your questions.

A new report recommending steps to help lift Vietnam to upper-middle-income status in two decades suggests that Vietnam build a more competitive private sector, support smart urbanization, promote innovation, and take advantage of increasing trade opportunities to enact broad structural reforms.

The Vietnam 2035 report, prepared jointly by the Government of Vietnam and the World Bank Group, lays out key reforms for the lower-middle income country to grow its economy, become more equitable, and put in place modern governance over the next 20 years. Reaching the ambitious goal of upper-middle-income status would require Vietnam to grow at least 7 percent per year, raising the average income level to over $7,000 – or $18,000 in purchasing-power parity terms – by 2035, compared with $2,052 – or $5,370 in PPP terms– in 2014.

“In the last 30 years, Vietnam has become one of the world’s great development success stories, rising from the ranks of the poorest countries. On the strength of a nearly 7 percent average growth rate and targeted government policies, tens of millions of people have lifted themselves out of extreme poverty,” said World Bank Group President Jim Yong Kim.

Kim said that the Vietnam 2035 report, with inputs from international and Vietnamese experts, reflects Vietnam’s aspirations of becoming a modern, industrialized nation within a generation.

“Improvements in productivity, environmental protection and economic innovation can help Vietnam maintain high levels of growth. It will be critically important to remove barriers that exclude marginalized groups and deliver quality public services to an aging and urbanizing middle-class,” Kim said. “The report recommends that Vietnam build modern and more transparent institutions – those steps will help the country meet its ambitious goals.”

 


Santiago de Chile. Photo: alobos Life via Flickr (under CC license) 


Note from the editors: The following is an interview with Patricia Arriagada, former acting Comptroller General of Chile, and Patricio Barra Aeloiza, Head of Accounting Analysis Division of the Comptroller General Office, who have been instrumental in recent reforms of public financial management systems in Chile. 

Starting in 2010, Chile embarked on a journey to improve public sector accounting by converging to an international standard of financial reporting by 2016. The country expects to produce its first fully compliant financial statements in 2019. One main objective of this reform is to ensure that financial information generated by the government accounting system is comprehensive, reliable, and useful for decision-making. Another is to increase the levels of fiscal and financial transparency and accountability in the public sector.
 

Patricia Arriagada,
former acting Comptroller General
of Chile

These reforms were driven by the Comptroller General office, is what is known as a “Supreme Audit Institution,” and is responsible for monitoring revenues and expenditures in all parts of the government – in particular, ensuring the quality and credibility of financial management and financial reporting.

Q: Discuss the current situation of Chile in the context of public sector accounting. What are the signs and concerns that prompted this reform?
A: The signals came from both the international context and the internal environment. When the process 2010 began, we were aware that these rules were being adopted by a large group of countries with the fundamental objective of increasing transparency and reliability of information. This was also driven by the crisis of sovereign debt in countries in Europe. There was also a concern of international organizations (World Bank-IDB-OECD) that Chile advance and adopt international accounting standards applicable to public sector entities.

In addition, from the internal point of view, the country was concluding the process of adoption of International Financial Reporting Standards (IFRS) in the private and financial sectors, which also seemed a natural step to continue with the adoption of International Public Sector Accounting Standards (IPSAS) for the central government.

For the Comptroller General, another influential factor was the belief that Chile should begin to provide detailed financial statements to comply with an internationally recognized standard of information. At the time, there was only aggregate data available on the public sector.

At the same time, considering the need to improve accrual accounting method with which the country had operated for decades, this project seemed like a natural step to improve the financial information available to users.

Q: Why now?
A: At the time, transparency in the public sector had become an important theme. A sense of distrust had increased among citizens and we believed that this reform would help increase confidence in the financial management of the public sector.

Q: What is the main objective of the reform?
A: The main objective is to increase the financial transparency of public sector and to be in line with international standards. In a globalized world, we must also have a common language in financial matters.

Q: Why should the general public be interested in the results of this reform? How would you explain the importance of this reform to your 12-year-old nephew?
A: This reform will allow the public to know, in a much more precise and transparent manner, about the resources and debts of the state, how the money is spent and where revenues come from, thanks to published reports called "Financial statements." The public will also be more informed about the intergenerational responsibility in the management of public resources, contributing to more informed political and electoral processes. These reports also allow for year-to-year comparisons and for the identifications of possible improvements.
This is the equivalent of having information about all that a household has and everything it owes, for example: auto, toys, bicycles, home, their value, if they still work, if we should change them and how much money we have to spend in order to ensure the rights and responsibilities of all members of the family in the proper use of the family’s resources.

Q: What are the main types of resistance that the Comptroller General's Office (CGR) has or is facing in the process of preparation and implementation of the reform?
A: There was initial resistance from the financial services authorities when the Comptroller General required that they provide certain information necessary for the implementation of the international standards, especially information on fixed assets. This resistance derived from concerns about the costs of the reform associated with human resources and information systems.

In the course of reform, public officials have reacted differently to the standards of professional competence required by the new standards, and a major group expressed concern at the increased responsibility that they would have for accounting records. The tradition of public accounting in Chile has been to teach various materials at a very specific level of detail. For example, the Comptroller General required the use of a specific table for all fixed assets. Under the new standards many of these matters are defined by governmental agencies themselves, taking into account their particular circumstances. The same applies to the application of the concept of "significance," widely used in the new rules. For various economic facts, public officials must decide what is significant and what is not. This is a new role for civil servants, now that they won’t have rigid rules.

Although not technically a resistance, the Comptroller General had to convince and build strategic alliances with other key authorities in the process (Budget Office, Ministry of Finance, Banking and Securities Commissions, and state universities, among others), in light of the fact that this reform does not require a legislative change in our country.

Q: How was this resistance to change handled?
A: We made a special effort to publicize the benefits to the country that a change like this will bring.

The support of international organizations was also instrumental in giving validity to the project within the country. In particular, the support of the World Bank and the Inter-American Development Bank has been a great help to support the project.

In addition, the adoption process was carried out collaboratively. We invited all of the government agencies to help in drafting the regulations through a pilot group. We also increased our links with consultants and universities who participated in committees to review the draft.

It’s also important to note that we got the support of the Budget Office in modifying the main computer system used by Chilean governmental entities for financial and accounting management.

Finally, a very important aspect was the strong leadership of the higher authorities of the Comptroller General itself.
 
Q: Could you share a story about it?
A: A department head said he would not sign the financial statements since this would mean that "he would have to review and take responsibility for them to be well done." This was exactly the purpose of financial statements, and after several explanations and phone calls, the department head understood understand that this was precisely the objective of the reform – healthy responsibility by the hierarchy for the financial management of the entity.

Another story comes from the enthusiasm with which many financial authorities have embraced the process, trying to apply the rules to unusual situations. For example, they applied it to the assets of state kindergartens, the "Moai" (landmarks) of Easter Island, the ship "Esmeralda" of the Navy, to the texts of the Nobel Prize for literature Pablo Neruda and Gabriela Mistral, or the sword of Arturo Prat, a national hero. Beyond the anecdote, this enthusiasm is valuable to the momentum of reform and thoroughness with which the Chilean public services have made the change.
 
Q: How has the regional network of Government Accountants (FOCAL) supported the reform process?
A: Through the organization of events for sharing experiences and views. In addition, the realization of FOCAL meetings brought top international experts to the region, which has also helped to strengthen the processes of the participating countries.

Q: What kind of support has the Chilean Comptroller General given to colleagues in other countries and how do you expect efforts of this reform to support other countries in terms of examples or lessons learned?
A: The accounting authorities of El Salvador, Honduras, Guatemala, Colombia visited our country to learn about the Chilean experience in the process of adopting International Public Sector Accounting Standards. We also have shared the experience of regularization of fixed assets with officials and financial experts from Panama and Dominican Republic.
 
Q: What's next, what are the next steps?
A: As of January 1, 2016 implementation begins, in which the requirements of IPSAS 33 will apply, which allows three-year transition to Financial Statements that have full compliance. In this period the training to be carried out by the Comptroller General and support to governmental agencies in their implementation processes will be essential.

They should also run post-implementation tasks, after having completed the three-year period of transition. At this stage the challenge will increasingly perfecting the quality of financial statements prepared by the governmental agencies.

In parallel to the above, while progress will be made on a plan of policy development and implementation in other sectors, such as the municipal sector, in which a strategy of regularization of accounting information will be displayed prior to the application of the new rules.


For Zainab Ibrahim, a middle-aged woman living in West Darfur State, making a living was a dangerous affair. She used to trek into the forests surrounding her small village in Al-Kerenik locality, 85 kilometers east of the state capital El-Genina, to gather firewood and later sell her gains in the market. But the journey was both arduous and risky.

“I suffered many bad things in the wilderness,” she said.

Like Ibrahim, Fatma Abbakar, another former firewood gatherer, made the same perilous trips.  

“Going into the forest as a woman was rife with risks” she said. “We were subjected to a lot of trouble.”

Through the Sudan Peacebuilding for Development Project (SPDP), Ibrahim, Abbakar and 38 other women in the village were trained in food processing, a  safer, alternative employment  option. They were also given micro-grants to start a small business in food production, and now make and sell various types of juices and cookies, earning an average of 70 to 80 SDGs (US$12 to $14) a day.

“It is much better now,” said Abbakar. “I stay at home making food then take it to the market. I use the profits to cover living expenses, and come the beginning of the month, I am able to pay school fees for my four children.”

Livelihood and economic development is just one part of the SPDP project, which has been financed through the World Bank-managed State and Peacebuilding Fund (SPF). The project is in its first ($4.2 million) and second ($4.99 million) phases. Since funding began in September 2010, the project has undertaken a wide-range of activities aimed at improving livelihoods and promoting peaceful coexistence between divergent groups living along livestock migration routes demarcated by the project in the war-prone states of Darfur, South Kordofan and Blue Nile. The primary focus is on reducing incidence of conflict between nomadic pastoralists and sedentary farmers over natural resources, in particular water and pastures.   

As part of this focus, the project demarcated 180 kilometers of Habila Abu Ardib livestock migration route in West Darfur State. According to Abdel Aziz Dauod, a pastoralist herding his camel on the route, the demarcation provided a corridor for the movement of pastoralists and, as a result, their cattle no longer trespass on farmers’ lands.

“It [the demarcation] is good because we as pastoralists had no option [before] but to encroach on farmers’ lands to feed our camel,” Dauod said.    



Competition between different ethnic and livelihood groups over scarce natural resources such as water remains one of the root causes of insecurity in Darfur, where only 8.8% of the region’s estimated 8.2 million people has access to water services.



In Central Darfur State, three water reservoirs were constructed through the project, storing a much-needed supply of water as rainfall has been scarce in recent years. A water reservoir built by the project in Aorokom locality, seven kilometers east of the state capital Zalengi, has led to a lower rate of conflict between farmers and pastoralists. As a result, pastoralists are now able to access the water source without resorting to crossing cultivated lands to replenish their herd from naturally-forming water reservoirs.

“Al-Hamdullilah [thank God], the frictions that used to occur between ourselves and pastoralists are no longer there,” said Adam Fedail, a farmer living near the water reservoir. “This reservoir helped us tremendously in terms of security.”

SPDP also works to empower one of Darfur’s most vulnerable groups, internally displaced persons (IDPs), who constitute 1.43 million of the region’s population.

In Abu Shouck IDP camp, seven miles north-east of North Darfur’s capital El-Fasher and home to more than 80,000 IDPs, the project gave 328 people – mostly women - access to micro-finance. Additionally, the project organized 140 women to form village savings and loans groups, where they learned how to pool, save, manage and invest their own resources to pursue income generating activities.

Like many of the targeted camp residents, who were able to start and grow their own micro-businesses, Fatma Adam used the micro-grant she received from the project to start a small restaurant and is now able to afford paying for her children’s education.

Amal Ahmad, who used the micro-grant to start a handcrafts business, said the project transformed the women in the camp into a productive force.

“Before we received the micro-grant we were just sitting [with our] hands tied at home,” Ahmad said. “We did not know how to make these handcrafts. Now, Al-Hamdulilah, we have learned a craft and our affairs are going well. “


Bulgaria visit

The World Bank Vice President for Europe and Central Asia, Cyril Muller (right) and the new World Bank Director for Operations in the European Union, Arup Banerji (left) during their visit to Bulgaria

 – World Bank Vice President for Europe and Central Asia, Cyril Muller, visited Bulgaria to introduce the new World Bank Director for Operations in the European Union, Arup Banerji, and to agree with the government on the partnership framework for the next six years.

The World Bank’s future cooperation with Bulgaria will be anchored around three priority areas, namely institutions, skills, and public investment. The new Country Partnership Framework for Bulgaria (CPF), currently under preparation, is expected to cover the period of six years, but will be reviewed every two years to reassess priorities and to add or remove specific objectives and activities in the light of developments and changes in priorities.

In the first two years the World Bank will focus on supporting (i) resilience and stability of the financial sector; (ii) energy sector reforms, including energy efficiency; and (iii) Bulgaria's EU agenda in accessing and absorbing EU Structural Funds.

“The World Bank has being partnering with Bulgaria for more than 20 years in good times and in times of hardship. Going forward, we anticipate under the new Country Partnership Framework that Bulgaria will take full advantage of its World Bank Group membership”, said Cyril Muller, who visited Bulgaria upon the invitation of the Bulgarian Minster of Finance and World Bank governor Vladislav Goranov.

“As an EU member state, Bulgaria is fully equipped to achieve faster, more inclusive and sustainable growth that would benefit all Bulgarians. The World Bank team is committed to continue supporting Bulgaria in these efforts”, added Arup Banerji.

According to the Deputy Prime Minister for EU Funds and Economic Policies, Tomislav Donchev, “Bulgaria has the potential to become an investments haven, but needs to address two important challenges, namely attracting and preserving human capital and making sure that economic growth works for all. Therefore, we are working closely with the World Bank as a global leader in promoting shared prosperity.”

“Our country’s track record in maintaining prudent fiscal stance, allows a longer term horizon for partnership. The new six year framework is flexible enough to reflect changes and accommodate new objectives”, emphasized Vladislav Goranov.

During the visit, a Reimbursable Advisory Services Agreement was signed with the Ministry of Regional Development and Public Works for the development of a financing strategy, regulatory capacity building and increase of service efficiency in the Water Supply and Sanitation (WSS) sector. According to the contract, in the coming 28 months the World Bank will be engaged in delivering ten outputs, such as developing WSS sector Financing Strategy aimed at promoting financial sustainability and mitigating tariff impacts on the customers. The agreement was signed by the Bulgarian Minister of Regional Development and Public Works Lilyana Pavlova and World Bank’s Country Manager for Bulgaria Tony Thompson.

World Bank Vice President for Europe and Central Asia, Cyril Muller, and Director for Operations in the European Union, Arup Banerji, also met with President of the Republic of Bulgaria, Rosen Plevneliev. 

The Board of Executive Directors of the World Bank approved today an additional loan of US$88 million to the Municipality of Teresina, Piauí State capital, in Northeast Brazil. The Teresina Enhancing Municipal Governance and Quality of Life Project seeks to improve the living conditions in Lagoas do Norte, one of the most vulnerable and poor regions of Teresina, where 92,000 people live.  

“The transformation of the Lagoas do Norte region has provided the population with new water and sanitation infrastructure, a shoreline park, cycling paths, wider roads, and a theater,” said Firmino Filho, Mayor of Teresina. “This new phase will not only consolidate these improvements but will also promote better integration of the region with the rest of the city.

Composed of 13 neighborhoods, Lagoas do Norte is a low-income region characterized by perennial flooding, poverty and social exclusion. The first phase of the project – financed by a US$31.1 million loan from the World Bank and US$13.3 million in funding from the City of Teresina – helped protect the residents from floods, expanded access to sanitation, improved the quality of water services, provided green and leisure spaces for the community and helped modernize the city’s financial system.

The new phase will extend the project activities to new areas of Lagoas do Norte, benefiting approximately 92,000 people. The project will also support the development and implementation of a Municipal Violence Prevention Plan, with a special focus on gender-based violence.

"The Program has already resulted in remarkable improvements to the quality of life of Lagoas do Norte residents,” said Martin Raiser, World Bank Director for Brazil. “By extending its benefits to more people we hope to catalyze inclusive economic and social development in the entire region, setting an example for others cities to follow.”

Among the outcomes supported by the program are:

  • Increased coverage of protection from perennial flooding;
  • Increased access to water and sanitation services;
  • Urban upgrading and further expansion of green and leisure areas;
  • Development of a Municipal Violence Prevention Plan, with a special focus on gender.

This Investment Project Financing from the International Bank for Reconstruction and Development (IBRD) to the Municipality of Teresina has a final maturity of 35 years, with a 5.5 year grace period and is guaranteed by the Federative Republic of Brazil. 

For more information, please visit: www.worldbank.org/br
Visit us on Facebook: http://www.facebook.com/worldbank
Be updated via Twitter: http:// www.twitter.com/bancomundialbr 
For our YouTube channel: http://www.youtube.com/user/alcregion2010

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