The following project was approved today
by the World Bank's Board:
GRANT AMOUNT: IDA-US$5.85 million equivalent
TERMS: Grace period = 10 years; Maturity = 40 years
PROJECT DESCRIPTION: The project will assist in recovering the standard of living of the population affected by the cyclone through the rehabilitation of social infrastructure in selected damaged areas. It will also help upgrade the country's emergency and risk management capacity by improving the nationwide resilience to natural hazards, including the effects of climate change.
For more information, please call Miriam Van Dyck at (202) 458.2931, fax at 614-1008, or e-mail Mvandyck@worldbank.org