The following project was approved today by the World Bank's Board:
CREDIT AMOUNT: IDA-US$ 40 million equivalent
TERMS: Grace period = 10 years; Maturity = 40 years
PROJECT DESCRIPTION: The project will contribute to the peace process and reconstruction of Burundi through generation of productive, labor-intensive employment. Specifically, the project will assist in supporting a newly created Delegated Contract Management Agency - Agence Burundaise de Travaux Public (AGETIP BURUNDI) - to expedite the implementation of economically and/or socially beneficial public works projects; generating employment through labor-intensive public works and promoting Small and Medium Enterprise (SME) participation through cost-effective execution of public works projects; and building institutional capacity at the municipal level to identify, prioritize, operate and maintain sub-projects. For more information on this project contact Sharon Cox at (202) 473-2035, or e-mail: scox1@worldbank.org
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