The following project was approved yesterday by the World Bank's Board:
LOAN AMOUNT: IBRD-US$80 million
TERMS: Grace Period=5 years, maturity=15 years
PROJECT DESCRIPTION: This project will help to address urgent municipal works while setting the stage for gradual assumption of responsibility for municipal services at the local level. The project, in the short term, will restore selected basic municipal infrastructure to improve living conditions; in the medium term, it will set the stage for the development of the municipal sector by enabling municipalities to begin addressing local infrastructure maintenance and rehabilitation needs. For more information, call Hanan Dowidar at (202) 473-7199, fax at (202) 522-0003, or e-mail dhanan@worldbank.org. |
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