World Bank

WASHINGTON, July 5, 2007 — The World Bank Board of Executive Directors today approved an additional International Development Association (IDA) credit* of US$60 million for the Government of Tanzania to support the second phase of the Health Sector Development Project.

The additional funds will support Tanzania’s Second Health Sector Strategic Plan (HSSP) for an additional two years: 2007-2009. Through this project there will be increased funds for more efficient delivery of essential health services and staffing at district level.    » read more »

WASHINGTON, July 5, 2007 — The World Bank today approved a US$23.6 million credit from the International Development Association (IDA) to support the Government of Bangladesh’s efforts to improve performance of its public procurement system.    » read more »

WASHINGTON, DC, July 3, 2007—The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, said today it is supporting a new investment that will provide state-of-the-art telecommunications services in Afghanistan. The guarantee, totaling $76.5 million in coverage, will protect the investment against the noncommercial risks of transfer restriction, and expropriation.    » read more »

Robert Zoellick: ….Thanks very much. Hope you all had a good weekend. I really appreciate all of you coming by to see me on my first day. I’ve got a lot to learn including how to find my way to the office! So when we get done, people can show me the right direction!    » read more »

WASHINGTON, June 28, 2007 - The World Bank Board of Executive Directors today approveda USD10 million loan to the Russian Federation for the Second State Statistical System Development Project (STASYS 2).The project will support the efforts of the national statistical agency – ROSSTAT – to produce in a timely fashionaccurate and reliable economic, financial and socio-demographic data for policy formulation and decision-making processes.    » read more »

WASHINGTON, June 28, 2007 - The World Bank Board of Executive Directors approved a US$5 million grant in additional financing for the Kosovo Energy Sector Clean-up and Land Reclamation Project. The project will support the Kosovo Energy Corporation (KEK) and the Kosovar authorities in their efforts to clean up a gasification plant, enhance the country’s long-term power development and electricity supply, and mitigate an urgent risk to public health and the environment in Kosovo.    » read more »

Project will enable hiring of Transaction Advisory, and Legal and Regulatory Advisory services

WASHINGTON, June 28, 2007 -- The World Bank Board of Executive Directors today approved US$2 million in additional financing for the Lignite Power Technical Assistance Project. The grant is provided by the International Development Association (IDA) to the United Nations Interim Administration Mission in Kosovo (UNMIK), on behalf of Kosovo.    » read more »

WASHINGTON, June 26, 2007 —The World Bank’s Board of Executive Directors today approved a US$10 million grant from the Global Environment Facility (GEF) to Brazil’s Fundação Luiz Eduardo Magalhães to contribute to the preservation, conservation, and sustainable management of the biodiversity of the Caatinga forest in the states of Bahia and Ceará, while improving the quality of life of its inhabitants.    » read more »

MANILA, June 26, 2007– The World Bank’s Board of Executive Directors today approved a US$50 million loan for the National Program Support for Environment and Natural Resources Management (NPSENRMP). The project aims to help the Department of Natural Resources (DENR) finance and carry out its priority activities to meet its core mandates and strategic goals in managing, conserving and protecting the country’s environment and natural resources.    » read more »

MANILA, June 26, 2006 – A US$5 million grant from the Global Environment Facility (GEF) for the Manila Third Sewerage Project (MTSP) was approved today by the World Bank’s Board of Directors. The grant aims to identify much-needed changes in policies and practices in order to attract private investments in the country’s wastewater sector. It will also help increase the effectiveness of the agencies responsible for water pollution control through improved coordination as well as promote innovative, simple and effective wastewater treatment techniques.    » read more »

WASHINGTON, June 26, 2007 – The World Bank today approved one of its largest support packages to India with a US$600 million loan and credit designed to transform access to financial services for India’s poorest farmers.    » read more »

WASHINGTON/BEIJING, June 26, 2007 – Today the World Bank’s Board of Executive Directors approved a loan of US$25 million to the People’s Republic of China to help finance the Western Provinces Rural Water Supply, Sanitation and Hygiene Promotion Project.    » read more »

WASHINGTON/BEIJING, June 26, 2007 – Today the World Bank’s Board of Executive Directors approved a loan of $173 million to the People’s Republic of China in support of the Second Liaoning Medium Cities Infrastructure Project. The project is co-financed by the Global Environment Facility (GEF) with a grant of $5 million.    » read more »

Project to Improve Some 450 km of Bulgaria’s Roads in Its First Years of

WASHINGTON, June 26, 2007 – The Board of Executive Directors of the World Bank today approved a Road Infrastructure Rehabilitation Project in the amount of EUR90 million for the Republic of Bulgaria. The project aims to assist the country reduce road transport costs by improving the condition and quality of its roads network during the first years of EU accession.    » read more »

June 25, 2007 -- Mr. Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), today congratulated Mr. Robert Zoellick for his appointment as President of the World Bank Group. The Managing Director issued the following statement after the announcement of the appointment:    » read more »