WASHINGTON, March 23, 2006- The following project was approved today by the World Bank’s Board of Executive Directors:
IBRD LOAN: US$ 350 million
TERMS: Grace period = 4.5 years; Maturity = 13.5 years;
PROJECT DESCRIPTION: The World Bank loan will fund the Government’s implementation of a transition strategy to improve employment prospects and job placement for current participants in the Heads of Household program, as well as support efforts to strengthen the program’s management and governance. The Heads of Household is an emergency “safety-net” program created by the Government of Argentina in 2002 that provides income support to unemployed heads of families that include children.
For more information, please call Stevan Jackson (202) 458 5054, or email: sjackson@worldbank.org
For project documents, please visit the project web site.
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