India: Andhra Pradesh Rural Poverty Reduction Additional Financing

WASHINGTON, July 10, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:

 

IDA CREDIT: US$65 million

TERMS: Grace = 10 years; Maturity = 35 years

PROJECT DESCRIPTION: The project objectives will remain the same as the original project, to enable the rural poor, particularly the poorest of the poor, improve their livelihoods and quality of life. This additional financing will finance critical investments in institution and capacity building which will allow community institutions of poor women become sustainable and self-reliant. It will also support investments in livelihood-based institutions like business franchises and producer companies.

 

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

enora@worldbank.org