WASHINGTON, June 25, 2009 - The World Bank’s Board of Executive Directors today approved the following project: IDA Credit: US$40 million Terms: Maturity = 40 years; Grace period = 10 years Project ID: P115396 Project Description: The development objective is to improve the management of mining revenues, improve capital budget planning and protect the maintenance of basic infrastructure; protect the poor during the downturn by retargeting existing social policies to the poor; strengthen confidence in the financial sector; and clarify the mining policy framework. Media Contact Mohamad Al-Arief (202) 458-5964 malarief@worldbank.org For more project information, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P115737 |
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