WASHINGTON, April 14, 2009 - The World Bank’s Board of Executive Directors today approved the following project:  IBRD Loan: US$85 million TERMS:  Maturity = 23.5 years; Grace period = 8.5 years PROJECT DESCRIPTION: The overall development objective of the proposed operation is to enhance the Government of Guatemala's capacity to implement a disaster risk management program for adverse natural events. This objective will be achieved by supporting policy and institutional reform in the following aspects of disaster risk management: improving risk identification and monitoring; increasing disaster risk reduction investments; strengthening institutions and planning capacity for risk management; and developing risk financing strategies.  Media Contact Gabriela Aguilar (202) 473-6768 gaguilar2@worldbank.org  For more project information, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P112544  |
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