WASHINGTON, March 25, 2008 - The following project was approved today by the World Bank’s Board of Executive Directors:
IBRD Loan: USD$9 million
TERMS: Maturity= 30 years Grace= 5 years
PROJECT DESCRIPTION: The proposed objectives of the Additional Financing remain the same as under the original project, which are to (i) support small productive, income generating and community developments subprojects for poor communities;and (ii) build and strengthen capacity of local institutions and beneficiary organizations to identify, design and implement these activities. The additional financing would seek to support the scaling-up beyond the original three Departments- Itapúa, Misiones, and Ñeembucú- to include an additional five Departments, -Caaguazú, Central, Cordillera, Guaira and Paraguarí.
For more information please call Gabriela Aguilar at (202) 473-6768 or e-mail gaguilar2@worldbank.org.
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