| WASHINGTON, June 10, 2004—The following project was approved today by the World Bank’s Board:
LOAN AMOUNT: US$30.0 Million
TERMS: Grace period = 10.5 years; Maturity = 10.5 years
PROJECT DESCRIPTION: This loan will finance the first of the two-phase Peace and Development Project that aims to reduce the vulnerability of low-income and displaced population in five regions affected by the armed conflict in Colombia – Magdalena Medio, Oriente Antioqueno, Macizo Colombiano-Alto Patía, North of Santander and Montes de Maria. The project will directly benefit about 450,000 people living in these regions who may find themselves displaced in the near future and those who have already been displaced and are trying to re-establish themselves in a new location or to return to their original home towns. For more information, please call Alejandra Viveros at (202) 473-4306 or e-mail aviveros@worldbank.org For project information documents, please visit: http://web.worldbank.org/external/projects/main?pagePK=104231&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P051306
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