WASHINGTON, June 4, 2009 - The World Bank’s Board of Executive Directors today approved the following project: IDA Credit: US$ million US$250 million equivalent Terms: Maturity = 40 years; Grace period = 10 years Project Description: The project aims to empower targeted poor households with increased incomes, improved productive capacity, and access to services to achieve sustainable livelihoods. This will be achieved by increasing the organization and inclusion of poor people (including women and ultra-poor households) in community organizations and their enhanced participation in economic activities, skill enhancement for taking-up higher value employment, and increased income through an increased asset base, improved infrastructure and market linkages. The project has five components: (i) Social Mobilization and Institution Building; (ii) Livelihood enhancement and protection; (iii) Micro-credit access; (iv) Basic Services and Infrastructure; and (v) Project Implementation Support. 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=P105075 |
RSS