WASHINGTON, December 16, 2003—The following project was approved today by the World Bank’s Board:
CREDIT AMOUNT: IDA = US$14 Million
TERMS: Grace Period = 10 years; Maturity = 20 years
PROJECT DESCRIPTION: The objective of the Emergency Economic Recovery Project is to support the poor and vulnerable by making available external funds for critical imports, including medicines, diesel oil/gasoline, and tractors. More broadly, the project is in line with the Bank’s upcoming Country Assistance Strategy (January 2004), designed to strengthen governance, reduce inequality and exclusion, support macro-economic stability and limit, if possible, reverse the impact of the crisis on the poor. For more information, please call Alejandra Viveros (202) 473-4306 or email: Aviveros@worldbank.org. For project information documents, visit: http://www-wds.worldbank.org/servlet/WDSServlet?pcont=details&eid=000160016_20031211103804
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