Albania: Third Poverty Reduction Support Credit

WASHINGTON, December 7, 2004  - The following project was approved today by the World Bank’s Board:

 

CREDIT AMOUNT: US$10 million

TERMS: Grace period = 10 years; Maturity = 20 years

PROJECT DESCRIPTION: This credit will support program of policies and reforms based on the Government’s three-year National Strategy for Social and Economic Development.  More specifically, the credit will promote sustainable growth and support private sector development; strengthen capacity to monitor and evaluate the policy agenda; improve access to social services and social safety net effectiveness; and improve core public sector functions and institutional arrangements.  For more information, please call Erik Nora at (202) 458-4735 , or email: enora@worldbank.org

For project information documents, visit: http://web.worldbank.org/external/projects/main?pagePK=104231&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P083337