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Madagascar: Additional Financing for Rural Development Support Project

WASHINGTON, October 21, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:

 

IDA Credit: US$30 million

TERMS: Maturity= 40 years; Grace = 10 years

Project Description:  The project will increase incomes and reduce poverty in rural areas, while preserving the country’s natural resource base.  It will support the costs associated with scaling up the activities of the ongoing project to about 2,200 new sub-projects benefiting about 70,000 additional households, thus contributing to a significant enhancement of its impact and development effectiveness.

 

Media Contact

Rachel McColgan-Arnold

(202) 458-5299

rmccolgan@worldbank.org

 

For more project information please visit:

http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P111984

 

 


For more information, please visit the Projects website.