Albania: First Development Policy Operation

WASHINGTON, March 29, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:

IDA CREDIT: US$10 million

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

PROJECT DESCRIPTION: The credit is the first in a series of three Development Policy Operations (DPOs), designed to support some of the key aspects of the Government’s National Strategy for Development and Integration aimed at tackling the twin challenges of sustaining growth (primarily through private sector development), and improving delivery of public social services. A third objective, improving governance and strengthening accountability mechanisms, will be the main cross-cutting objective of the DPO.

 

For more information, please call Steven Jouy at (202) 473-4215 or email:
sjouy@worldbank.org