| WASHINGTON, June 20, 2003—The following project was approved yesterday by the World Bank’s Board:
CREDIT AMOUNT: IDA—US$60 million
TERMS: Grace period = 10 years; Maturity = 40 years
PROJECT DESCRIPTION: This project will be implemented over six years and aims to mitigate the risk posed by drought and other factors by strengthening and institutionalizing natural resources and drought management systems. This in turn will reduce the vulnerability of the population in an area which is characterized by frequent, acute food insecurity related to drought. For more information, please call Eric Chinje at (202) 458-8418 or e-mail Echinje@worldbank.org.
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