WASHINGTON, October 21, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:  IDA Credit: US$160 million TERMS: Maturity= 40 years; Grace = 10 years Project Description: The poverty reduction support operation (PRSC-6) is the third credit in a series of five annual operations (PRSC-4/8) and the mid-cycle operation supporting the implementation of Tanzania’s National Strategy for Growth and Reduction of Poverty (known as MKUKUTA). Its strategic focus is on two key sets of objectives: sustaining high and shared economic growth, and expanding the effective delivery of basic services through the government budget.  Media Contact Rachel McColgan-Arnold (202) 458-5299 rmccolgan@worldbank.org  For more project information please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P101229   |
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