IDA CREDIT: US$100 million
TERMS: Grace Period = 10 years; Maturity = 35 years
PROJECT DESCRIPTION: The credit supports efforts of the provincial government to implement wide-ranging reforms in the education sector. The credit is the last in a series of three development policy credits supporting the Government of Punjab’s three-year Education Sector Reform Program (PESRP), designed to enhance access, improve quality of education, and improve gender parity. Since the launch of the reform program, more than one million more children have been enrolled in Punjab schools.