The World Bank and Malawi Government have today signed a 259 billion kwacha financing agreement in the areas of governance, water improvement and financial inclusion.

Minister of Finance Felix Mlusu has hailed the agreement as it comes at a time Malawi is grappling with the effects of climate change and the Covid-19 pandemic.

The $100 million Governance to Enable Service Delivery [GESD] project was also signed by the two partners.

GESD seeks to build local governments capacity and performance in delivering Service to residents as well as improving duty bearer and service provider dialogue and engagement.

The Executive Director, Mr Alifeyo Banda and the Director of Infrastructure and Economic Development at the NLGFC, Eng. Paul Chipeta attended the signing ceremony.

The NLGFC facilitate implementation of the GESD project in local governments. Its core partners include the Ministry of Finance, Ministry of Local Government, and other departments and sections.

The project is a 5year grant by the World Bank.