India: First Bihar Development Policy Loan/Credit

WASHINGTON, December 20, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:

 

IBRD LOAN: US$150 million
TERMS: Maturity= 20 years; Grace= 5 years
IDA CREDIT: US$75 million
TERMS: Maturity=20, Grace=5 years

PROJECT DESCRIPTION: The Loan/Credit is designed to improve fiscal policy, public financial management, and governance. It aims to boost economic growth through reforms in agriculture, investment climate, and basic infrastructure, with an emphasis on roads. It will also support improving public service delivery in education and social protection.

For more information please call

Benjamin Crow (202) 473 5105 or email  bcrow@worldbank.org