Kenya, Tanzania, Uganda and GEF Trust Fund Grant to the East African Community -Lake Victoria Environmental Management Project II (Adaptable Program Lending)

WASHINGTON, March 3, 2009 - The following project was approved today by the World Bank’s Board of Executive Directors:

 

 

IDA Credit Kenya: US$30 million

IDA Credit Tanzania: US$32.5 million

IDA Credit Uganda: US$27.5 million

TERMS: Maturity = 40 years; Grace = 10 years

 

GEF Trust Fund Grant: US$7 million

 

Project Description: The project aims to: (i) improve collaborative management of the transboundary natural resources of Lake Victoria basin (LVB) for the shared benefits o f the

East African Community (EAC) Partner States; and (ii) reduce environmental stress in targeted pollution hotspots and selected degraded sub catchments to improve the livelihoods of communities, who depend on the natural resources of LVB.

 

Media Contact

Rachel Mccolgan

(202) 458-5299

rmccolgan@worldbank.org