WASHINGTON, January 9, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:
IDA GRANT: US$175 million
PROJECT DESCRIPTION: The main objective of the grant is to finance the second phase of an existing operation, the Productive Safety Net Program (PSNP), which is reaching over 7 million of the poorest Ethiopians through public works and direct grants. The targeted beneficiaries of the program are chronically food insecure households which are unable to secure sufficient food for their families year after year. The grant will provide continuing funding for the program, while supporting improvements in the program governance and efficiency.
For project details, please call Tim Carrington (202) 473-8133 or email tcarrington@worldbank.org
For more project information, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P098093
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