| WASHINGTON, July 13, 2004 - The following project was approved today by the World Bank’s Board:
CREDIT AMOUNT: US$22 million
TERMS: Grace period = 10 years; Maturity = 40 years
PROJECT DESCRIPTION: This project aims to increase productivity and employment in participating micro, small and medium enterprises (MSMEs), by strengthening financial and non-financial markets to meet the demand of these enterprises, strengthening institutional support for employable skills and business management, and reducing critical investment climate constraints on MSMEs. The project will focus on key value chains and on both formal small and medium enterprises and informal micro enterprises that have high potential for dynamic growth, including "graduation" from informal to formal status. This project’s main components are: access to finance, strengthening enterprise skills and market linkages, and improving the business environment.
For more information, please call Herbert Boh at (202) 473-3548, or email hboh@worldbank.org.
For project information documents, visit:
http://web.worldbank.org/external/projects/main?pagePK=104231&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P085007
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