Cambodia: Rural Investment and Local Governance Additional Financing

WASHINGTON, July 26, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:

IDA GRANT: US$36.25million

PROJECT DESCRIPTION: The additional financing aims to expand the project support from the current 15 to 23 provinces, provide continuing financing for an additional three years from 2007 – 2009 to the intergovernmental fiscal transfer, the Commune/Sangkat Fund, and facilitate an accelerated increase in the amount of the overall intergovernmental fiscal transfer and related commune allocations.

For more information, please call Mohamad Al-Arief  at (202) 458-5954 or email:

malarief@worldbank.org

For more information on the World Bank and its work in Cambodia, please visit:

http://www.worldbank.org/kh