WASHINGTON, September 25, 2008- The following projects were approved today by the World Bank’s Board of Executive Directors:
IDA Credit: US$20 million
TERMS: Maturity = 40 years; Grace = 10years
Project Description: This Development Policy Credit builds on the recently ended series of Poverty Reduction Support Credits (PRSCs). It aims to support the Government of Nicaragua by helping to maintain a predictable periodicity in budget support disbursements, while authorities prepare and consult their up-dated Poverty Reduction Strategy (PRS). The policy actions supported under the DPC focus mainly on public sector strengthening, with an emphasis on public sector management and transparency, and on strengthening the efficiency, monitoring and accountability of basic social services.
Media Contact
Gabriella Aguilar
(202) 473 6768
gaguilar2@worldbank.org
For more project information please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P106747
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