WASHINGTON, May 29, 2014 - The World Bank’s Board of Executive Directors today approved the following project:
Albania - First Public Finance Development Policy Loan
IBRD Loan: US $120.0 million equivalent
Terms: Maturity = 23 years, Grace = 7 years
Project ID: P147226
Project Description: The loan is the first in a series of two programmatic development policy loans which aims to improve fiscal sustainability by strengthening public financial management to address arrears and through tax, pensions and energy sector reforms to support macro-fiscal stability.
Last Updated: May 29, 2014