WASHINGTON, September 3, 2009 - The World Bank’s Board of Executive Directors today approved the following project: IBRD Loan: US$15 million Terms: Maturity = 30 years; Grace Period = 5.5 years Project ID: P105122 Project Description: The Rural Economic Development Initiative Project for Jamaica aims to improve market access for micro and small-scale rural agricultural producers and tourism product and service providers. The first component of the project is rural subprojects in agriculture and rural tourism. The second component of the project is national technical assistance and capacity building. The third component of the project is project management. This component will finance project management, technical expertise (tourism and agricultural specialists, monitoring and evaluation) staff training, the annual audit, vehicles, office equipment, and other operating costs. This component will also ensure that effective fiduciary arrangements are in place during implementation. Media Contact Stevan Jackson (202) 458-5054 sjackson@worldbank.org For more project information, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P105122 |
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