IBRD LOAN: $60 million
TERMS: Grace Period = 4 years; Maturity = 18 years
PROJECT DESCRIPTION: The Bond is a conditional cash transfer program created in 2003 by merging two previously existing programs: the Solidarity Cash Transfer and the Schooling Grant. The BDH pays a monthly transfer to the 40 percent poorest households in the population provided they fulfill certain education and health co-responsibilities.
