WASHINGTON, November 4, 2008- The following project was approved today by the World Bank’s Board of Executive Directors: IBRD Loan: US$150 Million Equivalent TERMS: Maturity = 17 years; Grace = 5 years Project Description: This second of three Social Sectors Institutional Reform (SIR) Development Policy Loans (DPL II) has been designed to support the Government of Bulgaria to meet some of the challenges associated with European Union. The DPL series is supporting the adoption and implementation of policies to (i) increase employment and lay the foundations for long-term productivity growth by providing incentives for job creation and improving quality of education; and (ii) promote fiscal sustainability through efficiency gains in social sectors. Media Contact Michael Andrew Jones 202-473-2588 mjones2@worldbank.org For project documents, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P100657 |
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