IBRD Loan: US$10 million
Terms: Maturity = 27 years; Grace = 8 years
IDA Credit: US$40 million equivalent
Terms: Maturity = 20 years; Grace = 10 years
Project ID: P117698
Project Description: The project’s objective is to support the Government’s policy reform program to ease the impact of the recession and assist in the recovery and preparation for post-crisis growth. In addition to a satisfactory macroeconomic and fiscal framework, the main policy areas supported are improving the efficiency and effectiveness of public finances; improving the effectiveness of social safety nets; and improving external competitiveness.