WASHINGTON, April 28, 2017 - The World Bank’s Board of Executive Directors today approved the following project:
IBRD Loan: EUR 56.60 million (US$ 60.00 million equivalent)
Terms: Maturity = 32 Years, Grace = 7 Years
Project ID: P158387
The Project Development Objective (PDO) is to improve the soundness of the banking sector by enhancing bank regulation, supervision, and resolution capacity and by enhancing the governance of the Entity development banks. The PDO will be addressed through supporting the authorities in strengthening of the country’s banking sector in a sound, stable and inclusive manner. The project will accomplish this by improving bank regulation and supervision, addressing weaknesses in the banking sector, establishing the new bank resolution framework, and enhancing governance and operation of the Entity development banks.
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