WASHINGTON, May 2, 2006- The following project was approved today by the World Bank’s Board of Executive Directors: IDA CREDIT: US$50 million TERMS: Grace period = 10 years; Maturity = 40 years PROJECT DESCRIPTION: The objective of this project is to increase competition and transparency in infrastructure finance through supporting private sector participation and market-based solutions. It will supplement the resources of Bangladesh’s financial markets to provide long-term finance for infrastructure projects beyond the capacity of local financial institutions. For project details, please call Erik Nora at (202) 458-4735 or email enora@worldbank.org For more information please visit the project Website |
