WASHINGTON, July 29, 2010 - The World Bank’s Board of Executive Directors today approved the following project: IBRD Loan: US$10 million Terms: Maturity = 27 years; Grace = 8 years IDA Credit: US$40 million equivalent Terms: Maturity = 20 years; Grace = 10 years Project ID: P117698 Project Description: The project’s objective is to support the Government’s policy reform program to ease the impact of the recession and assist in the recovery and preparation for post-crisis growth. In addition to a satisfactory macroeconomic and fiscal framework, the main policy areas supported are improving the efficiency and effectiveness of public finances; improving the effectiveness of social safety nets; and improving external competitiveness. Contact: Elena Karaban 202-473-9277 Ekaraban@worldbank.org For more project information, please visit: http://web.worldbank.org/external/projects/main?Projectid=P117698&theSitePK=40941&piPK=64290415&pagePK=64283627&menuPK=64282134&Type=Overview |
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