WASHINGTON, June 17, 2004—The following project was approved today by the World Bank’s Board:
CREDIT AMOUNT: US$20 million
TERMS: Grace period = 10 years; Maturity = 40 years
PROJECT DESCRIPTION: The objective of the project is to provide access to better quality of basic social and economic services in education, environment, water, roads and other services in poor rural communities and small towns. The project will also contribute to the development of capacity of community organizations, and to strengthening social capital. The project is closely linked to, and supports the objectives outlined in Moldova’s Economic Growth and Poverty Reduction Strategy Paper, and will help in establishing a regular feedback mechanism to reflect community experiences in changing national policies. For more information, please call Miriam Van Dyck at (202) 473-8302 or e-mail mvandyck@worldbank.org For project information documents, please visit: http://web.worldbank.org/external/projects/main?pagePK=104231&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P079314
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