WASHINGTON, December 22, 2009 - The World Bank’s Board of Executive Directors today approved the following project:  IDA Credit: US$100 million equivalent Terms: Maturity = 35 years; Grace Period = 10 years Project ID: P118821  Project Description: Second Additional Financing for the Andhra Pradesh (AP) Rural Poverty Reduction Project aims to enable rural poor households, particularly the poorest households in AP, to improve their livelihoods and quality of life. This second additional financing credit will have the same project objectives as the original project, which include: (i) higher-order capacity building of the institutions of the poor households to perform more efficiently and effectively; (ii) leveraging information and communication technology systems for improved project implementation; (iii) ensuring inclusion of the poorest and the most vulnerable who were left out and those who regressed back into poverty due to the recent food and financial crises; (iv) improving health and nutrition status of the poor households; (v) expanding and strengthening their livelihood activities; and (vi) increasing their access to social safety net benefits and entitlements and creating wider convergence with the government departments implementing anti-poverty programs.  Media Contact Benjamin Crow (202) 473-5105 bcrow@worldbank.org  For more project information, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P118821 |
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