World Bank

JAKARTA, April 26, 2007 - The World Bank Board today approved the disbursement of a special US$123 million interest-free credit to sustain and expand the activities of the Third Kecamatan Development Program (KDP3), Indonesia’s best known community-driven poverty alleviation program.    » read more »

WASHINGTON, April 26, 2007— The Board of Directors of the World Bank today approved a US$65 million International Development Association (IDA) credit* to the Federal Republic of Nigeria for the State Education Sector Project.    » read more »

WASHINGTON, April 26, 2007 – The World Bank Board of Directors today approved an International Development Association (IDA) credit* of US$300 million to support a Power Sector Development Operation in Uganda. The credit includes a US$220 million investment loan and US$80 million for policy support. It will also benefit from an additional US$6.5 million co-financing grant from the Swedish International Development Agency. The ongoing electricity crisis has placed a significant strain on growth over the medium term.    » read more »

WASHINGTON, April 24, 2007 -- The Executive Board of the World Bank Group (WBG) today discussed the new Joint Assistance Strategy for Tanzania (JAST) which includes planned support to Tanzania from the 35 members of the Tanzania Development Partners Group (DPG) over the FY07/08-FY09/10 period. The JAST includes projected disbursements of over US$2 billion per year to Tanzania from across the DPG, with new lending commitments from the International Development Association (IDA) of US$640 million in 2007.    » read more »

WASHINGTON, April 24, 2007 – The Executive Board of the World Bank Group today approved a credit for US$42 million to support the education improvement project for Zanzibar.

The amount is part of the US$48.5million needed by the Government of Zanzibar to achieve the objectives of its education sector in the next six years beginning 2007. The Government will contribute US $6.5million towards the implementation of the project.    » read more »

WASHINGTON, April 24, 2007 – The World Bank Board of Executive Directors today approved an International Development Association (IDA) financing of US$100 in support of the Urban Water Supply and Sanitation project in Ethiopia. This IDA financing includes a credit1of US$65 and a grant of US$35 million.    » read more »

WASHINGTON, April 24, 2007 ― The Executive Board of the World Bank Group today approved the Fifth Poverty Reduction Support Credit (PRSC-5) for US$190 million to the United Republic of Tanzania to support the implementation of the National Strategy for Growth and Reduction of Poverty (MKUTA). The credit provides support for the three clusters of the MKUKUTA- Growth of the Economy and Reduction of Income poverty; Improvement of Quality of Life and Social Wellbeing; and Governance and accountability.    » read more »

The World Bank and the International Monetary Fund (IMF) have deemed the Islamic Republic of Afghanistan eligible for assistance under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative based on a preliminary assessment.

To start benefiting from debt relief at the HIPC decision point, Afghanistan will need to take the following actions:

* continue the satisfactory performance under the program supported by the IMF’s Poverty Reduction and Growth Facility;
* work toward regularizing its relations with creditors; and    » read more »

WASHINGTON, April 19,2007 — The World Bank’s Board of Directors approved today a US $43.2 million grant from the Global Environment Facility (GEF) Trust Fund to the Integrated Solar Combined Cycle Power (ISCCP) Project.    » read more »

WASHINGTON, April 19, 2007 ─ The World Bank today approved an US$189 million credit/loan to the Indian state of Andhra Pradesh designed to improve agricultural productivity and help community-based institutions manage tank systems effectively.    » read more »

ANKARA, April 19, 2007—The World Bank approved today a Euro 205 million (US$ 269.4 million equivalent) Electricity Distribution Rehabilitation Project for Turkey. The loan will be to Türkiye Elektrik Dağıtım AŞ (TEDAŞ), the government-owned electricity distribution company, and will be guaranteed by the Republic of Turkey.    » read more »

ABIDJAN, April 19, 2007 - The World Bank and the Government of Côte d'Ivoire have reached an agreement that would facilitate a resumption of Bank credit- and grant-giving to Côte d'Ivoire.

The deal was reached on April 16 in Washington, D.C. in the sidelines of the spring meetings of the World Bank and International Monetary Fund, following discussions with a delegation of the Government of Côte d'Ivoire led by the country's finance minister, Mr. Charles Koffi Diby.    » read more »