Benin, Guinea, Mali, Niger, Nigeria: Niger Basin Water Resources Development and Sustainable Ecosystems Management Project

WASHINGTON, July 3, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:

IDA CREDIT: US$500 million

TERMS: Grace = 10 years; Maturity = 40 years.

PROJECT DESCRIPTION: The project aims to achieve a sustainable increase of the water resources productivity, boost hydropower generation and foster economic growth in the riparian countries. To create a collaborative framework to benefit the 110 million people living in the Basin, the project will first strengthen the Niger Basin Authority (NBA) as a critical governing structure managing the common goods and ensuring adequate coordination.

For project details, please call Timothy T. Carrington at (202) 473 8133 or email tcarrington@worldbank.org