Azerbaijan: Additional Financing for Rural Investment Project

WASHINGTON, March 27, 2008 - The following project was approved today by the World Bank’s Board of Executive Directors:

IDA Credit: US$ 15 Million

TERMS:  Maturity= 35 years; Grace= 10 years

PROJECT DESCRIPTION: The aim of this additional financing is to scale up assistance to  households in rural communities-completing micro-project investments-to achieve improved living standards through improved access to infrastructure services.

For more information, please call Mike Jones at (202) 473-2588 or emailmjones2@worldbank.org