WASHINGTON, November 4, 2008- The following project was approved today by the World Bank’s Board of Executive Directors: IBRD Loan: US$59 Million Equivalent TERMS: Maturity = 17 years; Grace = 5 years Project Description: The Social Inclusion Project (SIP) for Bulgaria aims to promote social inclusion through increasing the school readiness of children below the age of seven, targeting low-income and marginalized families (including children with a disability and other special needs). There are two components to the project. The first component is the integrated social and childcare services. The second component is capacity-building; supporting the design and pilot launch of a national school readiness program, and financing necessary capacity-building activities at the central and municipal level. European Social Fund funding will be available finance the large part of local capacity-building activities, but SIP financing will be made available through this component to ensure quick start-up. 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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