| WASHINGTON, June 8, 2004—The following project was approved today by the World Bank’s Board:
CREDIT AMOUNT: US$250 Million
TERMS: Grace period = 10 years; Maturity = 40 years
PROJECT DESCRIPTION: The main objective of this project is to trigger urgently needed reforms within the State Owned Enterprises and the Nationalized Commercial Banks, as part of a wider reform of rolling back state ownership and control within the Bangladeshi economy. The project has seven main sub-components – in three main areas of support for Enterprise Growth and Bank Modernization. These include: an Enterprise Growth Support component; a longer term program of adjustment in support of sustained economic growth; and a program of banking reform. Â
For more information, please call Benjamin Crow at (202) 473-5105 or e-mail bcrow@worldbank.org For project information documents, please visit:
|
RSS