| WASHINGTON, May 22, 2003—The following project was approved today by the World Bank’s Board:
LOAN AMOUNT: IBRD—US$500 million
TERMS: Grace period = 3 years; Maturity = 15 years
PROJECT DESCRIPTION: This project is intended to support Argentina’s efforts to restore economic growth and development, while protecting social programs that mitigate the adverse effects of the crisis on the country’s poor. The loan is part of a concerted effort by multilateral institutions to support Argentina during its transition period and lay the groundwork for a more comprehensive program to be developed and implemented by the new administration. For more information, please call Christopher Neal (202) 473-7229, or e-mail CNeal1@worldbank.org.
|
RSS