Morocco: Second Public Administration Development Policy Loan

WASHINGTON, March 23, 2006- The following project was approved today by the World Bank’s Board of Executive Directors:

IBRD LOAN: US$ 120 million

TERMS: Grace period = 8 years; Maturity = 20 years;

PROJECT DESCRIPTION: The objectives of the loan are to support the Government's continuous efforts to improve the effectiveness of public resource management, a key step for increasing growth and improving the quality of public services.

For more information, please call Najat Yamouri in Morocco, at 5360+232 or email: nyamouri@worldbank.org

For project documents, please visit the project web site.