Summaries of Operations Approved During Fiscal 2007, Europe and Central Asia

	Principal amount (millions)
Country/project name	Network^a	Date of approval	Maturities	SDR^b	US$

Albania


◊ IBRD/IDA Business Environment Reform and Institutional Strengthening Technical Assistance Loan/Credit^c will improve the formal economy and strengthen the enterprise sector's capability to increase exports to regional and European Union markets. Total cost: $9.8 million	FPD	10/26/06	2011/2023 2016/2026	n.a. 2.5	5.6 3.7


IBRD/IDA Transport Specific Investment Loan/Credit^c will introduce innovation in road maintenance and implement road safety activities. Total cost: $56 million	SDN	02/22/07	2011/2024 2017/2026	n.a. 3.4	20.0 5.0


◊ IBRD/IDA Land Administration and Management Specific Investment Loan/Credit^c will improve the efficiency and effectiveness of land administration and urban management. Total cost: $56 million	SDN	02/22/07	2011/2024 2017/2026	n.a. 10.0	20.0 15.0


IDA Development Policy Credit will improve the investment climate for private sector growth and will foster public service delivery. Total cost: $10 million	PREM	03/29/07	2017/2026	6.8	10.0


Armenia


◊ IDA Third Social Investment Fund Specific Investment Credit will improve community infrastructure and services in poor communities and will promote complementary capacity building. Total cost: $33.3 million	HDN	10/26/06	2017/2026	16.9	25.0


IDA Third Poverty Reduction Support Operation Development Policy Credit will support policy and institutional reforms in accordance with the government's poverty reduction strategy. Total cost: $28 million	PREM	03/08/07	2017/2026	18.7	28.0


◊ IDA Second Judicial Reform Specific Investment Credit will improve public awareness of judicial services and access to legal and judicial information. Total cost: $32.7 million	PREM	03/08/07	2017/2026	15.2	22.5


◊ IDA Health System Modernization Adaptable Program Credit will provide quality and sustainable health care services to the population and will improve management of public health threats. Total cost: $29.6 million	HDN	03/08/07	2017/2026	14.8	22.0


Azerbaijan


◊ IBRD Real Estate Registration Specific Investment Loan will ensure that there is a reliable real estate registration system and suitable systems for the management and use of state-owned immovable property. Total cost: $38.6 million	SDN	03/21/07	2012/2026	n.a.	30.0


◊ IBRD Water Supply and Sanitation Specific Investment Loan aims to rehabilitate the water supply and sanitation facilities in and around urban centers. Total cost: $310 million	SDN	06/14/07	2012/2027	n.a.	230.0


Bosnia and Herzegovina


◊ IDA Community Development Supplement Specific Investment Credit will help finance proposals received from the poorest municipalities. Total cost: $6 million	HDN	01/09/07	2017/2026	3.4	5.0


◊ IDA Agriculture and Rural Development Specific Investment Credit will strengthen the delivery of more efficient and effective agricultural services and support programs. Total cost: $36.2 million	SDN	06/19/07	2017/2027	13.8	21.0


IDA Forest Development Technical Assistance Credit aims to increase revenues, improve forest management, and enhance biodiversity conservation. Total cost: $4.8 million	SDN	06/19/07	2017/2027	2.3	3.4


◊ IDA Urban Infrastructure and Services Delivery Additional Financing Specific Investment Credit aims to enhance the availability, quality, and reliability of basic municipal services, in particular, water supply and sanitation. Total cost: $5.7 million	SDN	06/19/07	2017/2027	3.3	5.0


◊ IDA Avian Influenza Preparedness Emergency Recovery Credit will enhance the response and control capacities in order to minimize the threat posed by highly pathogenic avian influenza and other zoonoses. Total cost: $6.4 million	SDN	06/19/07	2017/2027	3.3	5.0


Bulgaria


◊ IBRD Second Trade and Transport Facilitation Specific Investment Loan will facilitate trade by improving the quality of services at selected European Union border crossings. Total cost: $70.5 million	SDN	03/21/07	2012/2024	n.a.	52.8


◊ IBRD First Social Sectors Institutional Reform Development Policy Loan will improve the labor and social sectors to more closely align with EU standards and will also improve the health, education, and social protection systems. Total cost: $150 million	HDN	03/21/07	2012/2024	n.a.	150.0


◊ IBRD Social Investment and Employment Promotion Supplement Specific Investment Loan will improve the standard of living of the poor, especially among the long-term unemployed and specific ethnic minorities. Total cost: $24.5 million	HDN	03/21/07	2012/2024	n.a.	19.3


IBRD Road Infrastructure Rehabilitation Specific Investment Loan aims to reduce road transport costs by improving the condition and quality of the roads network. Total cost: $196 million	SDN	06/26/07	2012/2024	n.a.	122.5


Croatia


◊ IBRD Trade and Transport Integration Specific Investment Loan will develop trade by improving the capacity, efficiency, and quality of services. Total cost: $116.6 million	SDN	11/14/06	2012/2021	n.a.	75.3


IBRD Second Programmatic Adjustment Development Policy Loan will support economic growth by improving the investment climate and the efficiency of the public sector. Total cost: $197.4 million	PREM	05/30/07	2012/2022	n.a.	197.4


IBRD Inland Waters Specific Investment Loan will improve water supply services, wastewater services, and flood protection measures. Total cost: $140.1 million	SDN	05/30/07	2012/2022	n.a.	133.4


IBRD Rijeka Gateway Specific Investment Loan will increase trade competitiveness by modernizing port and road network connections and by increasing private participation in port operations. Total cost: $54.5 million	SDN	05/30/07	2011/2020	n.a.	48.0


◊ IBRD Revenue Administration Modernization Specific Investment Loan assists the government in making the Croatian Tax Administration a more efficient, effective, transparent, and accountable institution. Total cost: $126.1 million	PREM	06/28/07	2012/2022	n.a.	68.0


Georgia


◊ IDA Second Poverty Reduction Support Operation Development Planning Credit aims to create rapid economic growth and reduce extreme poverty. Total cost: $20 million	PREM	10/12/06	2017/2046	13.5	20.0


◊ IDA Education System Realignment and Strengthening Program Adaptable Program Credit will increase the quality and efficiency of primary and secondary education. Total cost: $23.7 million	HDN	11/15/06	2017/2046	10.2	15.0


◊ IDA First East-West Highway Improvement Specific Investment Credit will contribute to the gradual reduction of road transport costs and improve access, ease of transit, and safety along the central part of Georgia's East-West corridor. Total cost: $28.3 million	SDN	12/05/06	2017/2046	12.9	19.0


◊ IDA Third Poverty Reduction Support Development Policy Credit provides support for policy reforms to fight corruption, reduce the burden of the state on the economy, and improve the energy sector. Total cost: $20 million	PREM	06/14/07	2017/2047	13.3	20.0


Kazakhstan


◊ IBRD Ust-Kamenogorsk Environmental Remediation Specific Investment Loan will prevent groundwater contamination and strengthen groundwater quality monitoring. Total cost: $40 million	SDN	02/01/07	2012/2024	n.a.	24.3


Kosovo


◊ IDA Lignite Power Technical Assistance Grant will strengthen the policy, legal, and regulatory frameworks conducive to new investments in the energy sector. Total cost: $10.5 million	SDN	10/12/06	n.a.	5.8	8.5


IDA Avian Influenza Control and Human Pandemic Preparedness and Response Emergency Recovery Grant will increase the country's capacity to prevent and control the spread of avian influenza among animals and humans. Total cost: $3 million	SDN	02/01/07	n.a.	2.0	3.0


◊ IDA Energy Sector Clean-Up of the Gasification Site Additional Financing Specific Investment Grant supports efforts to clean up a gasification plant to mitigate an urgent risk to public health and the environment. Total cost: $6.1 million	SDN	06/28/07	n.a.	3.3	5.0


IDA Lignite Power Technical Assistance Additional Financing Technical Assistance Grant helps the Kosovo Provisional Institutions of Self-Government (PISG) strengthen the policy and legal and regulatory frameworks in the energy sector. Total cost: $2 million	SDN	06/28/07	n.a.	1.4	2.0


Kyrgyz Republic


IDA Reducing Technical Barriers for Entrepreneurship and Trade Technical Assistance Grant will decrease the cost of regulatory compliance for business and, in the long term, will increase the share of nongold trade with World Trade Organization partners. Total cost: $5 million	FPD	07/13/06	n.a.	3.5	5.0


◊ IDA Second Village Investment Specific Investment Grant will alleviate rural poverty by empowering communities to improve access to social and economic infrastructure services. Total cost: $35.7 million	SDN	08/03/06	n.a.	10.1	15.0


◊ IDA Second On-Farm Irrigation Specific Investment Grant focuses on establishing, training, and supporting water users associations and on updating irrigation systems. Total cost: $20.6 million	SDN	06/19/07	n.a.	10.6	16.0


Macedonia, former Yugoslav Republic of


IBRD Second Programmatic Development Policy Loan will promote economic growth and job creation and will strengthen the governance and efficiency of the public sector. Total cost: $30 million	PREM	03/27/07	2012/2024	n.a.	30.0


◊ IBRD Second Trade and Transport Facilitation Specific Investment Loan will improve the working conditions and efficiency of border agencies at the Blace border crossing. Total cost: $27.5 million	SDN	05/29/07	2012/2024	n.a.	20.0


IBRD Agriculture Strengthening and Accession Specific Investment Loan aims to improve the delivery of government assistance to the agriculture sector. Total cost: $24.9 million	SDN	06/12/07	2013/2024	n.a.	20.0


Moldova


IDA Poverty Reduction Support Development Planning Credit will enhance the government's ability to accelerate economic growth and will improve the efficiency of its social programs and public administration. Total cost: $10 million	PREM	10/19/06	2016/2046	6.8	10.0


◊ IDA Road Sector Program Support Sector Investment and Maintenance Credit will reduce road transport costs by improving the condition and quality of the road network and the way it is managed. Total cost: $48.7 million	SDN	03/29/07	2017/2046	10.8	16.0


◊ IDA Health Services and Social Assistance Specific Investment Credit aims to reduce premature mortality and disability and to improve the targeting of social transfers and services to the poor. Total cost: $44.4 million	HDN	06/07/07	2017/2047	11.3	17.0


Montenegro


◊ IDA Montenegro Sustainable Tourism Development Specific Investment Credit will assist in reducing coastal degradation and fostering environmentally sound tourism development. Total: $41.1 million	SDN	06/12/07	2017/2027	6.6	10.0


Poland


◊ IBRD Odra River Basin Flood Protection Specific Investment Loan will protect the population in the Odra River Basin against loss of life and damage caused by severe flooding. Total cost: $489 million	SDN	03/21/07	2012/2021	n.a.	184.0


Romania


◊ IBRD Municipal Services Specific Investment Loan will assist Romania in meeting European Union environmental directives in the water and wastewater sector. Total cost: $170.6 million	SDN	07/13/06	2012/2023	n.a.	131.7


◊ IBRD Avian Influenza Control and Human Pandemic Preparedness and Response Emergency Recovery Loan will support a national program to increase the country's capacity to prevent and control the spread of influenza among animals and humans. Total cost: $47.7 million	SDN	09/08/06	2012/2021	n.a.	37.7


◊ IBRD Transport Sector Support Specific Investment Loan will reduce transport costs by improving the quality of national roads and railways during the first years of European Union accession. Total cost: $225 million	SDN	11/02/06	2012/2023	n.a.	180.0


Russian Federation


IBRD Judicial Reform Support Specific Investment Loan will strengthen judicial transparency and efficiency. Total cost: $172.4 million	PREM	02/15/07	2012/2021	n.a.	50.0


IBRD Second State Statistical System Development Adaptable Program Loan supports the efforts of the national statistical agency to produce accurate and reliable economic, financial, and sociodemographic data. Total cost: $52.5 million	PREM	06/28/07	2012/2022	n.a.	10.0


Serbia


IBRD/IDA Energy Efficiency Additional Financing Specific Investment Loan/Credit^c aims to improve energy efficiency and to reduce the local and global environmental impact of the use of dirty fuels. Total cost: $30 million	SDN	06/20/07	2012/2024 2017/2027	n.a. 6.6	18.0 10.0


◊ IBRD/IDA Bor Regional Development Specific Investment Loan/Credit^c aims to deal with environmental and social issues arising from the mining sector and to foster new sources of economic growth. Total cost: $43 million	FPD	06/20/07	2012/2024 2017/2027	n.a. 6.6	33.0 10.0


◊ IBRD Transitional Agriculture Reform Specific Investment Loan supports the National Agriculture Strategy to enhance the competitiveness of the country’s agricultural products in local and international markets. Total cost: $17 million	SDN	06/20/07	2012/2024	n.a.	17.0


IBRD Transport Rehabilitation Additional Financing Specific Investment Loan supports the rehabilitation of an additional 113 kilometers of main and regional roads in Serbia. Total cost: $55.9 million	SDN	06/20/07	2012/2024	n.a.	50.0


IBRD Irrigation and Drainage Rehabilitation Additional Financing Specific Investment Loan supports the implementation of priority flood protection works along the banks of the Danube and Sava rivers. Total cost: $61.9 million	SDN	06/20/07	2012/2024	n.a.	49.4


Tajikistan


IDA Programmatic Development Policy Grant aims to facilitate private sector development and improve the overall functioning of the public sector and the delivery of key public services. Total cost: $10 million	PREM	07/06/06	n.a.	7.0	10.0


◊ IDA Public Sector Reform Technical Assistance Grant will assist the government in implementing its Public Administration Reform Strategy. Total cost: $5 million	PREM	07/06/06	n.a.	3.5	5.0


◊ IDA Additional Financing for the Dushanbe Water Supply Specific Investment Credit/Grant will improve the safety, reliability, efficiency, and financial viability of water supply services in Dushanbe. Total cost: $5.7 million	SDN	12/19/06	2017/2046	2.4 1.0	3.5 1.5	c g


◊ IDA Cotton Sector Recovery Specific Investment Credit will facilitate sustainable growth of cotton production through debt resolution and an improved policy environment. Total cost: $15 million	SDN	05/30/07	2017/2047	10.0	15.0


Turkey


IBRD Electricity Distribution Rehabilitation Specific Investment Loan will improve the reliability of the power supply. Total cost: $344.4 million	SDN	04/19/07	2013/2022	n.a.	269.4


IBRD Competitiveness and Employment Sector Development Policy Loan supports the Turkish government’s program of legal, institutional, and structural development to promote growth and the generation of employment. Total cost: $400 million	FPD	06/28/07	2017/2017	n.a.	500.0


◊ IBRD Istanbul Municipal Infrastructure Specific Investment Loan aims to improve solid waste management, strengthen the earthquake resilience of key infrastructure, and upgrade emergency response procedures. Total cost: $336.3 million	SDN	06/28/07	2013/2022	n.a.	322.2


IBRD Access to Finance for Small and Medium Enterprises Additional Financing Financial Intermediary Loan aims to increase the access of small and medium enterprises to medium- and long-term finance. Total cost: $66.7 million	FPD	06/19/07	2012/2022	n.a.	66.7


Ukraine


IBRD Second Export Development Financial Intermediary Loan will follow through on the predecessor project and serve as a catalyst to support export and real sector growth. Total cost: $154.5 million	FPD	07/27/06	2012/2026	n.a.	154.5


Uzbekistan


◊ IDA Basic Education Adaptable Program Credit will improve teaching effectiveness in targeted poor areas and the capacity of the Ministry of Public Education to manage its investment programs. Total cost: $15.1 million	HDN	10/26/06	2016/2041	10.1	15.0

Total				283.7	3,762.1

Note: Total project cost includes funding from World Bank and non-Bank sources. ◊ denotes projects with actual involvement of civil society organizations in identification, preparation, and/or appraisal, and with intended civil society participation in the implementation, monitoring, and evaluation phases. n.a. = not applicable; c = IDA credit; g = IDA grant.
a. SDN = Sustainable Development Network; FPD = Financial and Private Sector Development; HDN = Human Development Network; PREM = Poverty Reduction and Economic Management.
b. IDA funds are denominated in special drawing rights (SDRs), which are valued on the basis of a “basket” of currencies. The U.S. dollar equivalent of the SDR amount reflects the exchange rates in effect at the time of the negotiations of the credit or grant.
c. "Blend" loan/credit.

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Summaries of Operations Approved During Fiscal 2007, Europe and Central Asia