IBRD Loan: US$461 million
Terms: Maturity = 29.5 years; Grace = 6 years
Project ID: P119215
Project Description: The loan contributes to move forward an agenda focused on achieving specific results such as improved student test scores, reduced levels of child mortality and increased road quality. Budgets are therefore assigned according to pre-established targets. To that end, the State focuses its investment program in a set of intensively monitored strategic projects. In addition, sector-specific targets for improvements, the reduction of unnecessary current expenditures and the introduction of management innovations are agreed with line Secretariats.