Haiti: Supplemental Trust Fund Grant – Second Economic Governance Reform Operation (Global Food Crisis Response Program- GFPR)

WASHINGTON, May 29, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:

 

GFRP Grant: USD$10 million

 

PROJECT DESCRIPTION: The Supplemental Trust Fund Grant – Second Economic Governance Reform Operation aims to safeguard the Government’s ongoing reform and poverty reduction program--which the World Bank is supporting through the Economic Governance Reform Operation series--by helping to partially fill the unanticipated financing gap created by the food price crisis. The food crisis has put pressure on the state to increase its expenditures on social assistance, directly (through school feeding programs, mother-child programs, and labor intensive public works) and indirectly (through subsidies on food commodities, such as rice).

 

For more information, please call Patricia da Camara at (202) 473-8302 or e-mail here at pdacamara@worldbank.org

 

For more information on the World Bank Fast-Track Facility for Food Crisis, please visit:

http://go.worldbank.org/O878ZQL2H0