WASHINGTON, May 22, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:
IDA Credit: USD$ 200 Million
TERMS: Maturity = 40 Years; Grace Period = 10 Years
PROJECT DESCRIPTION: The Third Rural Finance Projec will support the Government of Vietnam’s effort to increase economic benefits to rural private enterprises and households by increasing their access to finance. The expected outcomes will include: (i) improved access to financial services for rural entrepreneurs; (ii) increased capital investment made by the rural entrepreneurs as well as increased employment; (iii) increased lending, particularly term lending to the rural private sector for capital investment by all participating financial institutions (PFIs) on market-based terms.
For more information, please call Mohamad Al Arief at (202) 458-5964or email malarief@worldbank.org
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