Democratic Republic of the Congo-Emergency Living Conditions Improvement Support Project

WASHINGTON, May 26, 2005 - The following project was approved today by the World Bank’s Board of Executive Directors:

IDA CREDIT AMOUNT: US$82 million

TERMS:   Grace period = 10 years; Maturity = 40 years

PROJECT DESCRIPTION: This project’s main objective is to support the recovery and transition process, that is to help consolidate the peace and reconciliation process and to restore the foundations on which effective poverty alleviation efforts can be successfully undertaken. It includes four strategic elements: security and social stability; high and shared growth; governance and institutional strengthening; and social development. For more information, please call Aby Toure at (202) 473-8302 or email: akonate@worldbank.org For project information documents, visit: http://web.worldbank.org/external/projects/main?pagePK=104231&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P088619