WASHINGTON, December 13, 2011 - The World Bank’s Board of Executive Directors today approved the following project: IBRD Loan (DPL): US$100 Million Terms: Grace = 8 years Maturity = 27 years Project ID: P117043  Project Description: The overall objective of the proposed development policy loan is to contribute to the effectiveness and efficiency of the public sector. This is expected to be reached via the following specific objectives: (i) exerting effective oversight of statement of expenses; (ii) improving the central administration’s internal financial control; and (iii) strengthening the tax system.  Contact: Marcela Sanchez-Bender (202) 473-5863 msanchezbender@worldbank.org  For more information, please visit here: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P117043 |