WASHINGTON, February 10, 2004—The following project was approved today by the World Bank’s Board:
LOAN AMOUNT: IBRD: US$15 million
TERMS: Grace period=5 years; Maturity =35 years
CREDIT AMOUNT: IDA-US$15 million
TERMS: Grace period=10 years; Maturity =20 years
PROJECT DESCRIPTION: The project aims to boost economic growth by strengthening the financial and corporate sectors, lowering systemic risks and reducing the probability of crises. This loan/credit will enhance banking sector surveillance, clarify the function of and increase independence of the supervisory bodies, and upgrade prudential regulations and the prompt corrective action regime. For more information, please call Lee Morrison or email lmorrison1@worldbank.org. For more information about this project, please visit: http://www-wds.worldbank.org/servlet/WDSServlet?pcont=details&eid=000160016_20040108121419
|
RSS