WASHINGTON, June 4, 2009 - The World Bank’s Board of Executive Directors today approved the following project: IDA Grant: US$35 million equivalent Project Description: The grant supports the implementation of the Government of Afghanistan’s medium-term development strategy within the context of a satisfactory macroeconomic framework. The purpose of the DPG is to secure sound macroeconomic management and fiduciary standards for all resources channeled through the Afghan core budget including funds from the World Bank and Afghanistan Reconstruction Trust Fund. The Strengthening Institutions Development Policy Grant will have the following core development objectives: (i) improve fiscal planning, and public financial management, (ii) strengthen public administration reform and sub-national administration, and (iii) increase transparency and accountability in the management of public finances. Media Contact: Jan Erik Nora (202) 458 4735 enora@worldbank.org For more project information, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P107921 |
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