WASHINGTON, May 13, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:
IBRD Loan: US$ 40 million
TERMS: Maturity = 30 years; Grace = 5 years
PROJECT DESCRIPTION: This project aims to strengthen the country’s social insurance and social assistance system by supporting the following activities:
Improve the effectiveness of the Program of Advancement Through Health and Education (PATH) to foster investment by poor families in education and health.
Build capacity to implement the “Steps-to-Work” program, a new initiative targeting working age members of PATH eligible households for referral to the relevant support services to enable them to seek and retain employment
Enable the formulation of a reform program for the public sector pension schemes
Develop a holistic social protection strategy
For more information, please call Patricia da Camara (202) 473 4019 or email pdacamara@worldbank.org
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