IBRD Loan: US$100 million
TERMS: Maturity = 25 years; Grace = 2 years
Project Description: The project is the second in a programmatic series of two DPLs, intended to support the Government’s development program as described in its Strategic Vision. Within this framework, this DPL series focuses on actions aimed at: (i) promoting broad-based growth through the enhancement of private sector competitiveness, by reducing bureaucratic red tape, improving training policies, and increasing investments in innovation; and (ii) consolidating fiscal sustainability, transparency and efficiency through the modernization of public financial management systems for revenue, debt, fiscal reporting, and public procurement.
