WASHINGTON, June 3, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:
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IDA Credit: US$20 Million
TERMS: Maturity = 40 Years; Grace Period = 10 Years
PROJECT DESCRIPTION: The credit is the first in a planned series of three development policy operations (DPOs) over the period 2008-2010 designed to provide annual budget support and to sustain the implementation o f a broad program of
reforms under the Government of Ghana’s (GoG) planned five-year natural resources and environmental governance (NREG) program. This first DPO focuses on a set of policies and reforms in the inter-related sectors of forestry and wildlife, mining, and environmental protection intended to: ensure predictable and sustainable financing of the forest and wildlife sectors and effective forest law enforcement; improve mining sector revenue collection, management, and transparency; address social issues in forest and mining communities; and mainstream environment into growth through Strategic Environmental Assessment, Environmental Impact Assessment, and development of a climate change strategy.
For more information, please call Aby Toure at (202) 473-8302 or e-mail here at akonate@worldbank.org
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