| WASHINGTON, May 15, 2003—The following project was approved today by the World Bank’s Board:
CREDIT AMOUNT: IDA—US$ 7.78 million
TERMS: Grace period = 10 years; Maturity = 40 years
PROJECT DESCRIPTION: This project will provide technical assistance to facilitate the design and implementation of reforms sought under the Governance Structural Adjustment Credit (GSAC). Consistent with the objectives of the GSAC, it would support modernization of the Kyrgyz Treasury. The project will have three main components: technical assistance to support design and implementation of reforms included in the governance adjustment credit; modernization of the Treasury; and project management. For more information, please call Miriam Van Dyck at (202) 458-2931, fax at 522-3362, or e-mail mvandyck@worldbank.org.
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