WASHINGTON, December 18, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:
IDA CREDIT: US$ 27.5 million
TERMS: Maturity=35 years, Grace=10 years
PROJECT DESCRIPTION: The project aims to improve the level of involvement of targeted communities in their local development through measures aimed at increasing oil palm revenue and local participation. It aims to enhance smallholder incomes in a number of communities in West New Britain and Oro provinces.
For more information, please call:
Mohamad Al-Arief at (202) 458-5964 or email malarief@worldbank.org.
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