WASHINGTON, December 9, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:
IBRD Loan: US$11 million
TERMS: Maturity = 9.5 years; Grace = 4.5 years
Project Description: This project aims to improve the efficiency of permitting and the property registration system. The beneficiaries of the investment will be: (a) the public living within the municipalities as more order is brought to the built environment; and (b) the business community as more transparent and efficient processes for the establishment and operations of a business are facilitated.
Media Contact
Michael Andrew Jones
473-2588
mjones2@worldbank.org
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