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Summaries of Operations Approved During Fiscal 2007, Latin America and the Caribbean

Principal amount
(millions)

Country/project nameNetworkaDate of approvalMaturitiesSDRbUS$

Argentina
      
◊ IBRD Provincial Road Infrastructure Specific Investment Loan will support road infrastructure improvements and finance road maintenance in the province of Córdoba.  Total cost: $96.3 millionSDN
07/11/06
2012/2019n.a.75.0
      
◊ IBRD Provincial Maternal-Child Health Investment Adaptable Program Loan will improve access to basic health services by poor mothers and children. Total cost: $646.3 millionHDN
11/02/06
2012/2021n.a.300.0
      
◊ IBRD Essential Public Health Functions and Programs Specific Investment Loan will support the health system in promoting healthy lifestyles, preventing new public health risks, and increasing the effectiveness of public health programs.  Total cost: $999.7 millionHDN
11/21/06
2012/2021n.a.220.0
      
◊ IBRD Provincial Agricultural Development Specific Investment Loan will help eradicate foot-and-mouth disease and will initiate new activities to help prevent an avian flu pandemic.  Total cost: $44.8 million
SDN
01/23/07
2012/2022n.a.37.0
     
IBRD Province of Santa Fe Road Infrastructure Specific Investment Loan will improve a strategic road network that links the province of Santa Fe with regional and international markets.  Total cost: $173.1 million
SDN
02/13/07
2012/2021n.a.126.7
      
◊ IBRD Buenos Aires Urban Transport Specific Investment Loan will improve urban transport services in the city of Buenos Aires and the metropolitan area. Total cost: $132.8 million
SDN
03/27/07
2012/2022n.a.100.0
     
◊ IBRD Second  State Modernization Technical Assistance Loan will support the institutional strengthening of public sector management in key areas under the mandate of the Chief of Cabinet Office.  Total cost: $25 million
PREM
05/29/07
2012/2022n.a.20.0
     
IBRD Lifelong Learning and Training Specific Investment Loan will help develop job skills for unemployed and poor workers through training and adult education. Total cost: $360 million
HDN
06/28/07
2012/2022n.a.200.0
     
◊ IBRD Second Phase of the National Highway Asset Management Adaptable Program Loan will continue the improvements to the national road network. Total cost: $1,335 million
SDN
06/28/07
2012/2022n.a.400.0
     
IBRD Second Phase of the Buenos Aires Infrastructure Sustainable Investment Development Adaptable Program Loan will support key investments in the road sector to strengthen productivity.  Total cost: $361.5 million
SDN
06/28/07
2012/2023n.a.270.0
 
Bolivia
     
◊ IDA Urban Infrastructure Specific Investment Credit will improve the urban poor’s access to basic services through infrastructure investments and technical assistance to municipalities.  Total cost: $30.4 millionSDN
11/21/06
2017/204120.530.0
 
Brazil
     
◊ IBRD Piauí Rural Poverty Reduction Specific Investment Loan will continue to support small-scale, basic socioeconomic infrastructure investments for the rural poor in Piauí.  Total cost: $30 millionSDN
07/18/06
2011/2023n.a.22.5
     
◊ IBRD Pernambuco Rural Poverty Reduction Specific Investment Loan will boost community-driven, small-scale infrastructure and income-generating investments for poor rural people.  Total cost: $40 millionSDN
10/19/06
2012/2023n.a.30.0
     
IBRD Bahia Integrated State Highway Management Sector Investment and Maintenance Loan will increase the effective use of Bahia’s road infrastructure to stimulate economic growth.  Total cost: $186 millionSDN
11/14/06
2011/2023n.a.100.0
     
◊ IBRD Pará Integrated Rural Development Adaptable Program Loan will reduce rural poverty, decrease deforestation, and promote the sustainable use of natural resources.  Total cost: $100 millionSDN
12/12/06
2012/2023n.a.60.0
     
◊ IBRD Federal Water Resources Management Specific Investment Loan will improve living standards and economic development by decentralizing water resource management and by implementing and enforcing water user rights. Total cost: $200 millionSDN
12/19/06
2012/2023n.a.50.0
     
IBRD Second State Pension Reform Technical Assistance Loan will strengthen the state pension system.  Total cost: $10 million
PREM
02/13/07
2012/2023n.a.5.0
     
◊ IBRD Brazil Municipal Lending Adaptable Program Loan will support Uberaba to make urban infrastructure improvements with a focus on poverty reduction. Total cost: $411 million
SDN
03/21/07
2012/2024n.a.17.3
 
Chile
     
◊ IBRD Ministry of Public Works Development Policy Loan aims to strengthen planning and project management functions within the ministry. Total cost: $30 million
SDN
06/14/07
2012/2022n.a.30.0
     
IBRD Ministry of Public Works Institutional Strengthening Technical Assistance Loan aims to strengthen planning and project management functions within the ministry.
Total cost: $35.4 million
SDN
06/14/07
2012/2022n.a.11.7
 
Colombia
     
◊ IBRD Third Labor Reform and Social Development Policy Loan will strengthen the country's social protection system and improve the delivery of social services. Total cost: $200 millionHDN
07/25/06
2015/2019n.a.200.0
     
IBRD Second Programmatic Business Productivity and Efficiency Development Policy Loan will support policy and institutional reforms to strengthen economic growth and poverty alleviation through a more dynamic private sector. Total cost: $300 millionFPD
12/05/06
2013/2023n.a.300.0
     
◊ IBRD La Guajira Water and Sanitation Infrastructure and Service Management Adaptable Program Loan will provide basic water supply and sanitation services to the Department of La Guajira’s urban areas.  Total cost: $143 million
SDN
03/15/07
2011/2022n.a.90.0
     
◊ IBRD Social Safety Net Specific Investment Loan will help expand the Familias en Acción conditional cash transfer program to poor families. Total cost: $145.1 million
HDN
03/15/07
2016/2019n.a.104.8
     
◊ IBRD Second Programmatic Development Policy Loan for Sustainable Development Development Policy Loan seeks to ensure environmental sustainability and to protect the poor from the impacts of environmental degradation. Total cost: $200 million
SDN
06/07/07
2013/2023n.a.200.0
     
IBRD Integrated Mass Transit Systems Specific Investment Loan will help expand the bus rapid transit systems to the cities of Valle Aburra-Medellin, Barranquilla, and Bucaramanga.  Total cost: $299.2 million
SDN
06/12/07
2016/2020n.a.207.0
 
Dominica
     
◊ IDA Growth and Social Protection Technical Assistance Credit will strengthen the ability of key public agencies to deliver public goods and services and will increase private sector competitiveness.  Total cost: $2.6 million
PREM
02/27/07
2017/20411.01.4
 
Ecuador
     
◊ IBRD Second Rural and Small Towns Water Supply and Sanitation (PRAGUAS II) Adaptable Program Loan will increase the coverage and effective use of sustainable water and sanitation services among the poorest in rural communities and small towns.  Total cost: $76.6 millionSDN
07/25/06
2015/2019n.a.48.0
     
IBRD Rural Roads Specific Investment Loan will strengthen the capacity of participating provinces to manage the rural road networks, improving local residents’ access to markets and social services.  Total cost: $32.3 million

SDN
07/25/06
2016/2016n.a.20.0
     
IBRD Support for the Strategy of Inclusion and Quality Education Specific Investment Loan will support the country’s education strategy to achieve universal coverage in basic education.  Total cost: $43.4 million
HDN
07/25/06
2017/2017n.a.43.0
 
Guatemala
     
◊ IBRD Second Development Policy Loan will focus on improving the country’s business climate to create fiscal space for greater social investment and enhance the management of public funds.  Total cost: $100 million
PREM
08/29/06
2008/2026n.a.100.0
     
◊ IBRD Land Administration II Adaptable Program Loan will help increase land tenure security and strengthen the legal and institutional framework for land registry.  Total cost: $62.3 million
SDN
12/14/06
2013/2022n.a.62.3
     
◊ IBRD Education Quality and Secondary Education Specific Investment Loan will help improve primary education completion rates and increase access to secondary school.  Total cost: $100 million
HDN
03/06/07
2013/2022n.a.80.0
 
Haiti
     
◊ IDA Electricity Loss Reduction Specific Investment Grant will reduce electricity losses and strengthen the financial and operational performance of the public electricity utility.  Total cost: $7.5 million
SDN
08/03/06
n.a.4.16.0
     
◊ IDA Rural Water and Sanitation Specific Investment Grant will increase access to water supply and sanitation services in rural communities. Total cost: $5.3 million
SDN
01/30/07
n.a.3.45.0
     
◊ IDA Economic Governance Reform Operation II Development Policy Grant will support institutional development and good governance.  Total cost: $23 million
PREM
01/30/07
n.a.15.623.0
     
IDA Haiti Catastrophe Insurance Specific Investment Grant will support the country’s participation in the Caribbean Catastrophe Risk Insurance Facility (CCRIF). Total cost: $9 million
SDN
03/08/07
n.a.6.09.0
     
◊ IDA Education for All Adaptable Program Grant will increase access to primary education for poor children ages 6–12, while improving equity, quality, and governance of the education sector.  Total cost: $35 million
HDN
04/26/07
n.a.16.825.0
 
Honduras
     
◊ IDA Water and Sanitation Sector Modernization Specific Investment Credit will help implement a strategic plan for the modernization of the water and sanitation sector.  Total cost: $35 million
SDN
06/21/07
2017/20/2719.830.0
     
IDA Natural Disaster Mitigation Specific Investment Credit will improve the country’s capacity to reduce its vulnerability to natural disasters at the municipal level.  Total cost: $9 million
SDN
06/21/07
2017/20/275.99.0
 
Mexico
     
IBRD Second Phase Savings and Rural Finance Specific Investment Loan will strengthen Mexico’s savings and credit institutions and improve access to financial services. Total cost: $194.9 million
SDN
03/21/07
2012/2022n.a.29.0
 
Nicaragua
     
IDA Second Poverty Reduction Support Credit Development Policy Credit will help strengthen the overall economy by boosting the macroeconomic stability of the government. Total cost: $25 millionPREM
11/07/06
2017/2046  16.825.0
     
IDA Enhanced Competitiveness for International Market Integration Specific Investment Credit will strengthen the competitiveness of the private sector to meet the opportunities and challenges presented by the Dominican Republic–Central America Free Trade Agreement.  Total cost: $18.3 millionFPD
08/24/06
2017/2046  11.617.0
 
OECS Countries
     
IDA OECS Catastrophe Insurance Specific Investment Credit will support the participation of Dominica, Grenada, St. Lucia, and St. Vincent and the Grenadines in the Caribbean Catastrophe Risk Insurance Facility (CCRIF). Total cost: $14.2 million
SDN
03/08/07
2017/2041
2017/2042
6.0
3.5
9.0
5.2
 
Panama
     
IBRD Public Finance and Institutional Development Policy Loan will support the government’s reform program to restore fiscal sustainability and improve fiscal transparency and public financial management.  Total cost: $60 million
PREM
10/05/06
2008/2024n.a.60.0
     
◊ IBRD Rural Productivity Specific Investment Loan will increase productivity among rural small-scale farmers while sustaining important natural resources. Total cost: $46.9 million
SDN
03/21/07
2012/2021n.a.39.4
     
IBRD Public Policy Reform Technical Assistance Loan will consolidate and deepen the reforms needed to accelerate growth and reduce poverty. Total cost: $7.1 million
PREM
05/10/07
2009/2016n.a.6.0
 
Paraguay
     
◊ IBRD Road Maintenance  Specific Investment Loan will establish a sustainable road management strategy to improve road infrastructure management and maintenance. Total cost: $105.4 million
SDN
08/24/06
2011/2021n.a.74.0
 
Peru
     
◊ IBRD Decentralized Rural Transport Specific Investment Loan will improve rural transport infrastructure, reduce transport costs, and improve rural residents’ access to goods, social services, and income-generating opportunities. Total cost: $150 million
SDN
12/19/06
2017/2018  n.a.50.0
     
IBRD First Programmatic Fiscal Management and Competitiveness Development Policy Loan will support the government’s reform plan to improve the functioning of Peru’s public sector institutions and business environment. Total cost: $200 million
PREM
12/19/06
2013/2018  n.a.200.0
     
◊ IBRD Sierra Rural Development Specific Investment Loan will support economic growth among the rural population.  Total cost: $34.9 million
SDN
04/24/07
2018/2018n.a.20.0
     
◊ IBRD Results and Accountability (REACT) Development Policy Loan will improve results in health, nutrition, and primary education by defining standards and setting goals.  Total cost: $150 million
HDN
06/05/07
2013/2023n.a.150.0
 
St. Lucia
     
IDA Water Supply Infrastructure Improvement Project will improve water supply infrastructure in St. Lucia’s northern region.  Total cost: $1.8 million
SDN
04/10/07
2017/20411.31.8
     
◊ IDA OECS Skills for Inclusive Growth Specific Investment Credit will improve the knowledge and skills of youth to help them transition to the labor market.  Total cost: $5.3 million
HDN
05/08/07
2017/20422.43.5
 
Uruguay
     
IBRD Foot and Mouth Disease Emergency Recovery Specific Investment Loan will create a full-coverage livestock tracking system in order to keep the country virus-free and minimize economic losses.  Total cost: $9 millionSDN
12/19/06
2012/2021  n.a.6.5
     
◊ IBRD Promoting Innovation to Enhance Competitiveness Specific Investment Loan will strengthen the country’s capacity to generate, transfer, and adapt knowledge and new technology.  Total cost: $32.5 million
HDN
05/01/07
2012/2022n.a.26.0
     
IBRD First Programmatic Reform Implementation Development Policy Loan will provide a framework to implement reforms in the areas of tax reform, investment climate, and social protection.  Total cost: $100 million
PREM
05/30/07
2017/2017n.a.100.0
     
◊ IBRD Institutional Building Technical Assistance Loan will support the actions of the government to strengthen the public sector’s performance.  Total cost: $14 millionPREM
05/30/07
2012/2022n.a.12.1
     
◊ IBRD Second Phase of the OSE Modernization and Systems Rehabilitation Adaptable Program Loan will expand water and sanitation services and improve their efficiency and sustainability.  Total cost: $68.1 million
SDN
06/28/07
2012/2022n.a.50.0


Total  134.7 4,553.2

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; OECS = Organisation of Eastern Caribbean States.
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.
 
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