Indonesia: School Operational Assistance Knowledge Improvement for Transparency and Accountability (BOS-KITA)

WASHINGTON, October 7, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:

IBRD Loan: US$600 million

TERMS: Maturity= 17 years; Grace = 5 years

Project Description: This project aims to improve access to quality education for all children of ages 7 to 15 strengthening school based management and community participation, improving existing fiduciary arrangements for greater transparency and accountability of the program, and consequently, bringing about better utilization of the funds.

Media Contact:

Muhamad Al Arief at (202) 458-5964

malalrief@worldbank.org