IBRD LOAN: US$ 30 million
TERMS: Grace Period= 5 years ; Maturity= 15 years
OBJECTIVE: The over-all policy objective of the Development Policy Loan is to support the Government’s reform of the Ministry of Public Works by strengthening its planning functions; developing performance standards for contracts and concessions; improving project management;
strengthening regulatory oversight of public works and private contracts; and embedding the organizational changes in appropriate legal and normative structure. This, in turn, is meant to contribute to the Government’s objectives of greater efficiency in the use of public resources; and increased transparency, competition and citizen participation in the contracting and concessioning of public works.