WASHINGTON, April 9, 2009 - The World Bank’s Board of Executive Directors today approved the following project: IBRD Loan: $1, 503.76 Million Terms: Fixed Spread (FSL) in US dollars, to be fully repaid (bullet repayment, commitment-linked) on April 15, 2025, with all conversion options. Project Description: The Support to Oportunidades Project for Mexico’s principal development objectives are to: i) increase capacities in health, nutrition and education of poor families through human capital investment by promoting regular health check-ups, improving health status, and raising school enrollment and attendance rates; and ii) build sustainable connections between Oportunidades and other social programs of the Government of Mexico in order to improve health and education outcomes for program participants. The first component is support to the continuation of the Oportunidades Program - a conditional cash transfer program which disburses cash transfers (grants) to extremely poor families, conditional on compliance with certain requirements. The project will finance bi-monthly cash transfers to the participant families who comply with the conditions. The second component is technical assistance for Oportunidades. The project will finance consultancy services and studies which will support efforts to improve the connections between Oportunidades and other social programs and other initiatives to improve the operation of the program, including implementation of the Indigenous Peoples Plan (IPP). Media Contact Gabriela Aguilar (202) 473-6768 gaguilar2@worldbank.org For more information please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P115067 |
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