WASHINGTON, December 11, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:
IBRD Loan: US$17.2 million
TERMS: The Fixed Spread Loan has a total maturity of 18 years; the total amount is to be paid in a single disbursement in 2026.
Project Description: This project aims to promote improvement in the Federal Public Administration management, to set in motion a new framework for result-based budgeting and produce high quality information on performance, encouraging administration, government officials and legislative policy makers to employ this information when taking decisions, thus improving the efficiency and effectiveness of public spending significantly. It also intends to establish that Ministries and federal entities provide information to decision makers and the general public about spending programs in a timely, rigorous and accessible manner.
Media Contact
Patricia Da Camara
(202) 473-4019
pdacamara@worldbank.org
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