Kyrgyz Republic: Second Village Investment Project [Additional Financing and Restructure]

WASHINGTON, November 3, 2009 - The World Bank’s Board of Executive Directors today approved the following project:

Kyrgyz Republic: Second Village Investment Project [Additional Financing and Restructure]

IDA Credit: US$4.4 million equivalent

Terms: Maturity = 40 years; Grace Period = 10 years

IDA Grant: US$3.6 million equivalent

Project ID: P115524

Project Description: The Second Village Investment Project for the Kyrgyz Republic aims to assist the Government of the Kyrgyz Republic with: (a) improving governance and capacity at the local level; (b) strengthening the provision of, and access to, essential infrastructure services; and (c) supporting private group-owned small scale enterprise development.

Media Contact

Michael Jones

202-473-2588

mjones2@worldbank.org

For more information about the Bank’s work in the Kyrgyz Republic please visit: http://www.worldbank.org.kg