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India: First Bihar Development Policy Loan/Credit

December 20, 2007

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.

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