WASHINGTON, June 26, 2008- The following projects was approved today by the World Bank’s Board of Executive Directors:
IDA Credit: US$150million
TERMS: Maturity = 40 Years; Grace Period = 10 Years
Project Description: A seventh Poverty Reduction Support Credit (PRSC 7), as the second operation in a cycle aimed at implementing Vietnam’s Socio-Economic Development Plan (SEDP) 2006-201 0, approved in June 2006. The operation supports actions to restructure the state sector and promote business development. It also covers measures aimed at fostering social inclusion and better managing natural resources. And it supports governance reforms in areas such as public financial management, public administration and legal and judicial development. These fundamental reforms provide the foundation upon which the government can then effectively implement sectoral policy actions.
For more information, please call Mohamad Al-Arief at (202) 458-5964 or email malarief@worldbank.org
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