WASHINGTON, June 17, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:  Credit: US$200 million TERMS: Maturity = 40 Years; Grace Period = 10 Years PROJECT DESCRIPTION: The Transitional Support Credit aims to support the policy and institutional reform program of the Government. The Bank’s most recent CAS for FY06-09, discussed by the Board in April 2006, had envisaged a series of Poverty Reduction Support Credits starting in FY08.  The TSC supports the Government’s wide-ranging reform governance and economic reform agenda.  For more information, please call Erik Nora at (202) 458-4735 or e-mail here at enora@worldbank.org  For more project information, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P110167  |