Yemen: Taiz Municipal Development and Flood Protection Project [Additional Financing]

January 29, 2008

IDA Credit: USD$ 20 million
Terms: Maturity = 40 years; Grace = 10 years
PROJECT DESCRIPTION: The original project has three development objectives: (i) Taiz local government develops its capacity to carry out a major part of their responsibilities under the country’s new Local Authorities Law; (ii) to protect city residents, businesses and infrastructure from seasonal destructive flash flooding; and (iii) initiate support for Yemen’s decentralization program. All of these objectives would remain valid under the additional financing.

Media Contacts
Dina El Naggar
Tel : (202) 473-3245