WASHINGTON, July 12, 2005- The following project was approved today by the World Bank’s Board of Executive Directors:
IDA CREDIT AMOUNT: $129.8 million
TERMS: Grace period = 10 years; Maturity = 40 years
PROJECT DESCRIPTION: The project will assist the Government to construct and rehabilitate critical infrastructure essential for sustained economic activity in the tourism, manufacturing, agribusiness and mining sectors. It aims to establish appropriate incentive measures to achieve rapid growth, develop the instruments to ensure equitable, sustainable growth, and strengthen the capacity of local authorities to formulate, prepare, implement, and manage medium and long-term integrated future regional development projects. For more information, please call Aby Toure at (202) 473-8302 or email: akonate@worldbank.org For project information documents, visit: http://web.worldbank.org/external/default/main?pagePK=64027221&piPK=64027220&theSitePK=356352&menuPK=356386&Projectid=P083351
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