India: Third Andhra Pradesh Economic Reform Credit/Loan Development Policy Lending

WASHINGTON, January 11, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:

 

IBRD LOAN: US$150 million

TERMS: Grace period = 5 years; Maturity = 20 years

IDA CREDIT: US$75 million

TERMS: Grace period = 10 years; Maturity = 35 years

PROJECT DESCRIPTION: The main objective of the project is to support the government’s ongoing program of fiscal, administrative and service delivery reforms—which is expected to boost economic growth and reduce poverty. The Third Andhra Pradesh Economic Reform Loan/Credit is the third in a series of budget support operations. The program is designed to improve the state’s investment climate, strengthen public expenditure and financial management practices, improve the quality of public service delivery in health, education and power sectors and help the government to better target anti-poverty programs through more effective monitoring and evaluation.

 

For project details, please call Erik Nora, (202) 458 4735 or email: 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=P075174