Bangladesh: Additional Fnancing to the Fourth Development Support Credit (DSC IV)

 

WASHINGTON, September 27, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:

 

IBRD CREDIT: US$75 million

TERMS: Maturity =40 years; Grace = 10 years.

PROJECT DESCRIPTION: The objective of the additional financing to the Fourth Development Support Credit (DSC IV) is to meet the unanticipated gap in the government budget that is arising out of flood-related spending. It will also help absorb unforeseen pressure on the foreign exchange reserves that may occur as a result of emergency imports, particularly those related to food.

 

For more information, please call Erik Nora at (202) 458-4735 or email:

enora@worldbank.org