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    <title>Africa World Bank</title>
    <link>http://www.worldbank.org</link>
    <description>Africa World Bank</description>
    <pubDate>Fri, 03 Jul 2009 07:05:32 GMT</pubDate>
    <dc:date>2009-07-03T07:05:32Z</dc:date>
    <item>
      <title>Niger: The International Development Association (IDA) Approves a US$10 Million Grant for the Capacity-Building Project of the Ministry of Economy and Finance</title>
      <link>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22235400~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</link>
      <description>&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Contacts&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;In Washington Anand Rajaram: 458-2359&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="mailto:Arajaram@worldbank.org"&gt;Arajaram@worldbank.org&lt;/a&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Robert A. Yungu 458-2491&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="mailto:ryungu@worldbank.org"&gt;ryungu@worldbank.org&lt;/a&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt; &lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;In Niamey, Niger,&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Ibrahim Cheick Diop 227-20 73 56 16&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="mailto:Idiop@worldbank.org"&gt;Idiop@worldbank.org&lt;/a&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Washington, July 2, 2009&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; – The Board of Directors of the International Development Association today approved a five-year technical assistance grant for US$10 million to support the reform process at the Ministry of Economy and Finance, which seeks to build the capacity required for implementation of Public Financial Management (PFM) reform.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;The World Bank and the other development partners have noted in several implementation completion reports (ICRs) on PFM reform projects that weak public sector capacity is a major obstacle to the implementation of reform programs in Niger. Indeed, all the ICRs on PFM reform projects indicate that the first and probably the most important lesson to be learned is the need to couple the design of a major political and institutional reform program for public financial management with the implementation of a comprehensive capacity-building project supporting each main objective of the components of the PFM program.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;The Government in turn recognized the importance of capacity building to the success of PFM reforms.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;It is against this backdrop that the Ministry of Economy and Finance, in view of expected increased revenues, particularly from the mining and oil sector, requested the World Bank to provide assistance to strengthen, modernize, and reform its ministry.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;The World Bank’s Country Manager in Niger, Ousmane Diagana, noted that “&lt;i style="mso-bidi-font-style: normal"&gt;this project is fully consistent with the World Bank’s new 2008–2012 Country Assistance Strategy for Niger, which proposes a program that focuses on supporting engines of growth, which includes strengthening public finance management and improving access to basic social services.&lt;/i&gt;”&lt;i style="mso-bidi-font-style: normal"&gt;&lt;/i&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;This reform will focus on specific areas, including the strengthening of Directorates General, the acquisition and use of decision-making tools, training, research, and the mobilization of experts in the country and in the Diaspora.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;The project has three key components, namely (i) capacity building; (ii) use and streamlining of information and financial management systems; and (iii) project coordination support.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Component A: Capacity Building (US$3 million)&lt;/span&gt;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Three sub-components were selected to support capacity building, namely (i) capacity building of key MEF personnel; (ii) support to training institutes; and (iii) support to the Diaspora program.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoListParagraph" style="MARGIN: 0in 0in 0pt 0.5in"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Component B: Use and Streamlining of Information Systems (US$5.5 million)&lt;/span&gt;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;This component includes the following activities:&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoListParagraphCxSpFirst" style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo1"&gt;&lt;span style="FONT-SIZE: 10pt"&gt;&lt;span style="mso-list: Ignore"&gt;&lt;font face="Times New Roman"&gt;-&lt;span style="FONT: 7pt 'Times New Roman'"&gt;         &lt;/span&gt;&lt;/font&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Implementation of an intranet/internet system (US$2.5 million);&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoListParagraphCxSpMiddle" style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo1"&gt;&lt;span style="FONT-SIZE: 10pt"&gt;&lt;span style="mso-list: Ignore"&gt;&lt;font face="Times New Roman"&gt;-&lt;span style="FONT: 7pt 'Times New Roman'"&gt;         &lt;/span&gt;&lt;/font&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Streamlining and upgrading of systems (US$2 million);&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoListParagraphCxSpMiddle" style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo1"&gt;&lt;span style="FONT-SIZE: 10pt"&gt;&lt;span style="mso-list: Ignore"&gt;&lt;font face="Times New Roman"&gt;-&lt;span style="FONT: 7pt 'Times New Roman'"&gt;         &lt;/span&gt;&lt;/font&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Upgrading of budget information systems;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoListParagraphCxSpMiddle" style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo1"&gt;&lt;span style="FONT-SIZE: 10pt"&gt;&lt;span style="mso-list: Ignore"&gt;&lt;font face="Times New Roman"&gt;-&lt;span style="FONT: 7pt 'Times New Roman'"&gt;         &lt;/span&gt;&lt;/font&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Upgrading of customs administration information systems;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoListParagraphCxSpMiddle" style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo1"&gt;&lt;span style="FONT-SIZE: 10pt"&gt;&lt;span style="mso-list: Ignore"&gt;&lt;font face="Times New Roman"&gt;-&lt;span style="FONT: 7pt 'Times New Roman'"&gt;         &lt;/span&gt;&lt;/font&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Upgrading of tax administration information systems; and&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoListParagraphCxSpLast" style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo1"&gt;&lt;span style="FONT-SIZE: 10pt"&gt;&lt;span style="mso-list: Ignore"&gt;&lt;font face="Times New Roman"&gt;-&lt;span style="FONT: 7pt 'Times New Roman'"&gt;         &lt;/span&gt;&lt;/font&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Upgrading of the cash management system and support for reform of the Treasury.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Component C: Support to the Project Coordination Unit (US$1.5 million)&lt;/span&gt;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;The main activities undertaken by the Project Coordination Unit include (i) the preparation of annual work plans, procedures manuals, and procurement plans; (ii) the conduct of fiduciary and monitoring activities; (iii) the coordination of technical works related to the project’s components; and (iv) leadership with respect to the preparation and implementation of the project.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Monitoring and Evaluation System&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;A monitoring and evaluation system will be established in the Project Coordination Unit to monitor and evaluate the progress of the proposed IDA project, in the wider PFM reform context.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;-#-&lt;/span&gt;&lt;/p&gt;</description>
      <pubDate>Thu, 02 Jul 2009 21:22:25 GMT</pubDate>
      <guid>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22235400~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</guid>
      <dc:date>2009-07-02T21:22:25Z</dc:date>
    </item>
    <item>
      <title>Niger: Reform Management and Technical Assistance Project</title>
      <link>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22235378~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</link>
      <description>&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; tab-stops: 0in .5in 1.0in 1.5in 2.0in 2.5in 3.0in; mso-layout-grid-align: none"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;WASHINGTON, July 2, 2009&lt;/span&gt;&lt;/b&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;- The World Bank’s Board of Executive Directors today approved the following project:&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; tab-stops: 0in .5in 1.0in 1.5in 2.0in 2.5in 3.0in; mso-layout-grid-align: none"&gt; &lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center; mso-layout-grid-align: none" align="center"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Niger: Reform Management and Technical Assistance Project&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;IDA Grant:&lt;/span&gt;&lt;/b&gt; &lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;US$10 million equivalent&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Project ID:&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; P108253&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Project Description:&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; The proposed operation is a five-year technical assistance grant that seeks to support the reform process at the Ministry of Economy and Finance by developing capacities that are needed to implement the PFM reform.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;b&gt;&lt;i&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Media Contact&lt;/span&gt;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Ibrahim Cheick Diop&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;+ (227) 20 73 56 16&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 12pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="mailto:ktsikata@worldbank.org"&gt;&lt;span style="COLOR: black"&gt;idiop@worldbank.org&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;i&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;For more project information, please visit:&lt;/span&gt;&lt;/i&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; tab-stops: -.5in 0in .5in 1.0in 1.5in 2.0in 2.5in 3.0in; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="http://web.worldbank.org/external/projects/main?pagePK=64283627&amp;amp;piPK=73230&amp;amp;theSitePK=40941&amp;amp;menuPK=228424&amp;amp;Projectid=P108253"&gt;http://web.worldbank.org/external/projects/main?pagePK=64283627&amp;amp;piPK=73230&amp;amp;theSitePK=40941&amp;amp;menuPK=228424&amp;amp;Projectid=P108253&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;</description>
      <pubDate>Thu, 02 Jul 2009 20:48:09 GMT</pubDate>
      <guid>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22235378~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</guid>
      <dc:date>2009-07-02T20:48:09Z</dc:date>
    </item>
    <item>
      <title>Siemens to pay $100m to fight corruption as part of World Bank Group settlement</title>
      <link>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22234573~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</link>
      <description>&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Contacts:&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;World Bank: David Theis&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;(202) 458-8626&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Siemens AG: Joern Roggenbuck&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;+49 (89) 636-33581&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;WASHINGTON, July 2, 2009 —&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;The World Bank Group today announced a comprehensive settlement with Siemens AG in the wake of the company’s acknowledged past misconduct in its global business and a World Bank investigation into corruption in a project in Russia involving a Siemens subsidiary. The settlement includes a commitment by Siemens to pay $100 million over the next 15 years to support anti-corruption work, an agreement of up to a four-year debarment for Siemens’ Russian subsidiary, and a voluntary two-year shut-out from bidding on Bank business for Siemens AG and all of its consolidated subsidiaries and affiliates&lt;span style="mso-spacerun: yes"&gt;  &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;As part of the settlement, Siemens has also agreed to co-operate to change industry practices, clean up procurement practices and engage in collective action with the World Bank Group to fight fraud and corruption.&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; Siemens will also provide information on any additional cases of wrongdoing to the Bank’s Institutional Integrity Vice Presidency (INT), which investigates fraud and corruption in Bank Group-financed activities.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;“&lt;i style="mso-bidi-font-style: normal"&gt;This settlement provides significant consequences for past wrongdoing by Siemens.&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; At the same time, Siemens ongoing extensive cooperation could help the World Bank hold more corrupt firms and individuals accountable for diverting precious development resources away from the people who need them,&lt;/i&gt;” said &lt;b style="mso-bidi-font-weight: normal"&gt;Leonard McCarthy, Integrity Vice President at the World Bank.&lt;/b&gt; “&lt;i style="mso-bidi-font-style: normal"&gt;This ground-breaking settlement advances the World Bank’s Governance and Anti-corruption agenda while supporting the new management team at Siemens which has introduced a robust and comprehensive compliance program and has committed to clean up the company and end corrupt practices in Siemens operations world-wide.&lt;/i&gt;”&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;“We look forward to continuing to work with the Bank to eliminate fraud and corruption in our markets and we see this as confirmation of our work to establish a robust compliance program and to pursue collective action together with the Bank in those markets,”&lt;/span&gt;&lt;/i&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; said &lt;b style="mso-bidi-font-weight: normal"&gt;Andreas Pohlmann, Siemens Chief Compliance Officer.&lt;/b&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt;As part of the settlement agreement, the Siemens AG affiliate, ‘Siemens Russia’ will face up to a four year debarment in connection with violations, prior to 2007, following an investigation by the World Bank into corrupt practices under the Bank-financed transportation project in Russia, the Moscow Urban Transport Project. Siemens two year voluntary restraint means it loses the right to bid on Bank-financed projects until December 31, 2010. Siemens will now have to withdraw any bids not accepted as of January 2009 when the restraint period takes effect.&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Siemens’ commitment to pay $100 million to support global efforts to fight fraud and corruption would include providing funds to organizations and projects aimed at combating corruption through collective action, training, education. The money will also be directed to helping governments to recover assets stolen by corrupt leaders, and strengthening efforts to identify and crack-down on corrupt practices.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;The World Bank Group will have audit rights over the use of these funds and veto rights over the selection of anticorruption groups or programs receiving funds.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Siemens cooperation with the World Bank follows a series of international investigations and/or legal proceedings in numerous jurisdictions around the world related to fraud or corruption in Siemens' operations. In December of last year Siemens settled related allegations made by US and German authorities including the US Securities and Exchange Commission (SEC).&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-style: italic"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-style: italic"&gt;-#-&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-style: italic"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-style: italic"&gt;For more information, please visit:&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="http://www.worldbank.org/"&gt;www.worldbank.org&lt;/a&gt; &lt;/span&gt;&lt;/p&gt;</description>
      <pubDate>Thu, 02 Jul 2009 14:00:26 GMT</pubDate>
      <guid>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22234573~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</guid>
      <dc:date>2009-07-02T14:00:26Z</dc:date>
    </item>
    <item>
      <title>IMF and World Bank Support the Central African Republic's Completion Point Under the Enhanced HIPC Initiative and Approve Debt Relief Under the Multilateral Debt Relief Initiative</title>
      <link>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22233420~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</link>
      <description>&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Contacts:&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;i&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Washington:&lt;/span&gt;&lt;/i&gt; &lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-style: italic"&gt;Sharzad Sharjeel&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-style: italic"&gt;&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt;(202) 458-5584&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="mailto:ssharjeel@worldbank.org"&gt;&lt;span style="mso-bidi-font-style: italic"&gt;ssharjeel@worldbank.org&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="MARGIN: 0in 0in 0pt"&gt;&lt;strong&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt; &lt;/span&gt;&lt;/i&gt;&lt;/strong&gt;&lt;/p&gt;&lt;p style="MARGIN: 0in 0in 0pt"&gt;&lt;strong&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;C.A.R&lt;/span&gt;&lt;/i&gt;&lt;/strong&gt;&lt;strong&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;: Edmond Dingamhoudou&lt;/span&gt;&lt;/strong&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;br /&gt;&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;235-52-3360&lt;/span&gt;&lt;/p&gt;&lt;p style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="mailto:edingamhoudou@worldbank.org"&gt;&lt;span style="COLOR: windowtext"&gt;edingamhoudou@worldbank.org&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;span style="COLOR: windowtext"&gt;&lt;br /&gt; &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="MARGIN: 0in 0in 0pt"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Washington DC-June 30, 2009.&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt; &lt;/span&gt;&lt;a class="bookmark" id="PR_StartText" title="PR_StartText" name="PR_StartText"&gt;&lt;/a&gt;&lt;a class="bookmark" id="DelTable" title="DelTable" name="DelTable"&gt;&lt;/a&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;The International Monetary Fund (IMF) and the World Bank's International Development Association (IDA) have agreed that the Central African Republic (C.A.R.) has made sufficient progress and taken the necessary steps to reach the completion point under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The C.A.R. becomes the 25th country to reach the completion point under the Initiative.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Debt relief under the Enhanced HIPC Initiative from all of C.A.R.'s creditors has been revised downward to US$578 million in net present value (NPV) terms&lt;a class="bookmark" id="P27_826" title="P27_826" name="P27_826"&gt;&lt;/a&gt;&lt;a href="http://www.imf.org/external/np/sec/pr/2009/pr0918.htm#P27_825#P27_825"&gt;&lt;span style="mso-bookmark: P27_826"&gt;&lt;sup&gt;&lt;span style="COLOR: windowtext"&gt;1&lt;/span&gt;&lt;/sup&gt;&lt;/span&gt;&lt;/a&gt; from US$583 million estimated at the time of the decision point. HIPC debt relief from IDA and the IMF amounts to US$207 million and SDR 17.19 million (US$ 26.77 million) in NPV terms, respectively.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;In reaching the HIPC completion point, C.A.R. also becomes eligible for further debt relief from the IMF, IDA, and the African Development Fund (AfDF) under the Multilateral Debt Relief Initiative (MDRI). MDRI relief net of HIPC assistance would lead to a nominal&lt;a class="bookmark" id="P30_1405" title="P30_1405" name="P30_1405"&gt;&lt;/a&gt;&lt;a href="http://www.imf.org/external/np/sec/pr/2009/pr0918.htm#P30_1404#P30_1404"&gt;&lt;span style="mso-bookmark: P30_1405"&gt;&lt;sup&gt;&lt;span style="COLOR: windowtext"&gt;2&lt;/span&gt;&lt;/sup&gt;&lt;/span&gt;&lt;/a&gt;reduction of debt owed to IDA and the IMF by US$182 million and SDR 1.9 million (US$ 2.9 million) respectively.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;To reach the completion point, the C.A.R. completed a number of measures aimed at preparing and implementing a national poverty reduction strategy and maintaining a stable macroeconomic environment. In addition, the authorities have made good progress in implementing measures in the area of transparency, structural reforms in the forestry and mining sectors, civil service reform, public debt management, social sectors and HIV.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Martin Petri, IMF Mission Chief for C.A.R&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;., noted that "&lt;i style="mso-bidi-font-style: normal"&gt;the authorities are to be commended for reaching this important milestone. Despite a difficult post-conflict environment, they have undertaken important reforms to reach the Completion Point for debt relief under the HIPC Initiative. Debt relief will reduce significantly C.A.R.'s debt burden and free up resources to finance spending in areas critical to meeting the Millennium Development Goals.&lt;/i&gt;"&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;"&lt;i style="mso-bidi-font-style: normal"&gt;We are very pleased that the Boards of the Bank and the Fund have approved full debt relief for C.A.R. under the HIPC Initiative and MDRI,&lt;/i&gt;" said &lt;b style="mso-bidi-font-weight: normal"&gt;Mary Barton-Dock, World Bank Country Director for CAR&lt;/b&gt;. "&lt;i style="mso-bidi-font-style: normal"&gt;This confirms C.A.R.'s commitment to improve governance, foster transparency in public finance and debt management, accelerate reforms in the forestry and mining sectors, and strengthen social programs, as reflected in the Completion Point triggers. These reforms are critical for fostering increased economic growth and improved living standards in &lt;span style="mso-bidi-font-weight: bold"&gt;CAR&lt;/span&gt;. My Fund colleagues and I congratulate the C.A.R. authorities on this achievement. At the same time we urge them to maintain momentum toward the goals of their national poverty reduction strategy,&lt;/i&gt;" she added.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;ANNEX&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;The HIPC Initiative&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;In 1996, the World Bank and IMF launched the HIPC Initiative to create a framework in which all creditors, including multilateral creditors, can provide debt relief to the world's poorest and most heavily indebted countries, and thereby reduce the constraints on economic growth and poverty reduction imposed by the debt-service burdens in these countries. The Initiative was modified in 1999 to provide three key enhancements:&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Deeper and Broader Relief.&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; External debt thresholds were lowered from the original framework. As a result, more countries have become eligible for debt relief and some countries have become eligible for greater relief;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Faster Relief.&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; A number of creditors began to provide interim debt relief immediately at the "decision point." Also, the new framework permitted countries to reach the "completion point" faster; and&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Stronger Link between Debt Relief and Poverty Reduction.&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; Freed resources were to be used to support poverty reduction strategies developed by national governments through a broad consultative process.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;To date, 35 HIPC countries have reached their decision points, of which 26 (including C.A.R.) have reached the completion point.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;The MDRI&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;At the July 2005 G8 Summit in Gleneagles, Scotland, G8 leaders pledged to cancel the debt of the world's most indebted countries, most of which are located in Africa. The aim of this Multilateral Debt Relief Initiative (MDRI) was to reduce further the debt of HIPCs and provide additional resource to help them reach the Millennium Development Goals (MDGs)&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;The MDRI is separate from the HIPC Initiative but linked to it operationally. Under the MDRI, three multilateral institutions—the World Bank's International Development Association, the International Monetary Fund, and the African Development Fund—provide 100 percent debt relief on eligible debts to countries having reached the HIPC completion point&lt;a class="bookmark" id="P58_5220" title="P58_5220" name="P58_5220"&gt;.&lt;/a&gt;&lt;a href="http://www.imf.org/external/np/sec/pr/2009/pr0918.htm#P58_5219#P58_5219"&gt;&lt;span style="mso-bookmark: P58_5220"&gt;&lt;sup&gt;&lt;span style="COLOR: windowtext"&gt;3&lt;/span&gt;&lt;/sup&gt;&lt;/span&gt;&lt;/a&gt; Unlike the HIPC Initiative, the MDRI is not comprehensive in its creditor coverage. It does not involve participation of official bilateral or commercial creditors, or of multilateral institutions other than the above-mentioned three.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: #505050; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"&gt;&lt;a class="bookmark" id="P27_825" title="P27_825" name="P27_825"&gt;&lt;/a&gt;&lt;a href="http://www.imf.org/external/np/sec/pr/2009/pr0918.htm#P27_826#P27_826"&gt;&lt;span style="mso-bookmark: P27_825"&gt;&lt;sup&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: #333333; FONT-FAMILY: 'Arial','sans-serif'"&gt;1&lt;/span&gt;&lt;/sup&gt;&lt;/span&gt;&lt;/a&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: #505050; FONT-FAMILY: 'Arial','sans-serif'"&gt; Net present value of debt is the discounted sum of all future debt service obligations (interest and principal)&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;a class="bookmark" id="P30_1404" title="P30_1404" name="P30_1404"&gt;&lt;/a&gt;&lt;a href="http://www.imf.org/external/np/sec/pr/2009/pr0918.htm#P30_1405#P30_1405"&gt;&lt;span style="mso-bookmark: P30_1404"&gt;&lt;sup&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: #333333; FONT-FAMILY: 'Arial','sans-serif'"&gt;2&lt;/span&gt;&lt;/sup&gt;&lt;/span&gt;&lt;/a&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: #505050; FONT-FAMILY: 'Arial','sans-serif'"&gt; Nominal terms refer to the actual dollar value of reduction in debt stocks.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 3pt 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;a class="bookmark" id="P58_5219" title="P58_5219" name="P58_5219"&gt;&lt;/a&gt;&lt;a href="http://www.imf.org/external/np/sec/pr/2009/pr0918.htm#P58_5220#P58_5220"&gt;&lt;span style="mso-bookmark: P58_5219"&gt;&lt;sup&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: #333333; FONT-FAMILY: 'Arial','sans-serif'"&gt;3&lt;/span&gt;&lt;/sup&gt;&lt;/span&gt;&lt;/a&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: #505050; FONT-FAMILY: 'Arial','sans-serif'"&gt; The IMF also provided MDRI debt relief to non-HIPCs whose income per capita is below US$380 in order to ensure uniformity of treatment in the use of IMF resources.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p&gt; &lt;/p&gt;</description>
      <pubDate>Wed, 01 Jul 2009 15:23:38 GMT</pubDate>
      <guid>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22233420~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</guid>
      <dc:date>2009-07-01T15:23:38Z</dc:date>
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    <item>
      <title>World Bank Approves Additional Grant of US$180 Million for the Southern African Power Market Project</title>
      <link>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22233144~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</link>
      <description>&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Contacts&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;br /&gt;&lt;font face="Arial, Helvetica"&gt;&lt;i&gt;In Washington:&lt;/i&gt; &lt;span style="mso-bidi-font-style: italic"&gt;&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt;&lt;/span&gt;&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-style: italic"&gt;&lt;font face="Arial, Helvetica"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-style: italic"&gt;&lt;font face="Arial, Helvetica"&gt;Shahzad&lt;/font&gt;&lt;/span&gt; Sharjeel&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in"&gt;&lt;font face="Arial, Helvetica"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;(202) 458-5584&lt;/span&gt; &lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in"&gt;&lt;i&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;span style="mso-bidi-font-family: Arial"&gt;&lt;font face="Arial, Helvetica"&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;a href="mailto:ssharjeel@worldbank.org"&gt;&lt;span style="mso-bidi-font-family: Arial"&gt;&lt;font face="Arial, Helvetica"&gt;ssharjeel&lt;/font&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;@worldbank.org&lt;/font&gt;&lt;/span&gt;&lt;/span&gt;&lt;/i&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in"&gt;&lt;i&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;font face="Arial, Helvetica"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/i&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in"&gt;&lt;i&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;font face="Arial, Helvetica"&gt;In DRC:&lt;/font&gt;&lt;/span&gt;&lt;/i&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in"&gt;&lt;font face="Arial, Helvetica"&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-style: italic; mso-ansi-language: FR"&gt;Louise&lt;/span&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt; Engulu&lt;/span&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in"&gt;&lt;font face="Arial, Helvetica"&gt;&lt;i&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;+243 994 9015&lt;/span&gt;&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in"&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;font face="Arial, Helvetica"&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;font face="Arial, Helvetica"&gt;lengulu&lt;/font&gt;&lt;/span&gt;&lt;a href="mailto:lengulu@worldbank.org"&gt;@worldbank.org&lt;/a&gt;&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in"&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;WASHINGTON, July 1, 2009—&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;The World Bank’s Board of Executive Directors yesterday approved an additional Grant in the amount of US$180.62 million for the Democratic Republic of the Congo (DRC) component of the Southern African Power Market Project (SAPMP) approved in November 2003, and for a formal restructuring.&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; This will bring the total World Bank contribution to the project to $358.12 million, enable implementation to be completed by 2012.&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; Other co-financiers are the European Investment Bank ($47 million equivalent), and the national electric power utility, SNEL ($6.86 million).&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; The Copper Belt Energy Corporation of Zambia is contributing an additional $18 million to construct the transmission link between DRC and Zambia&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;The Project’s specific focus is to rehabilitate and reinforce an existing 2,300 kilometer high voltage power transmission line from the Inga hydropower stations to Kasumbalesa at the border with Zambia, which is the backbone of the DRC power transmission system as well as the main artery for conveying power to the industrial heartland of the country in the Katanga Province and further on to the Southern Africa Power Pool (SAPP) through Zambia&lt;i&gt;.&lt;/i&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;"&lt;i style="mso-bidi-font-style: normal"&gt;These investments in power and telecommunications infrastructure are critical, not only for serving the needs in these sectors in DRC to support economic growth, but also to promote orderly development of increased power trading and the ability of DRC to attract funding for the development of its large &lt;span style="mso-bidi-font-style: italic"&gt;hydropower potential in the future.&lt;/span&gt;&lt;/i&gt;" said &lt;b style="mso-bidi-font-weight: normal"&gt;Samuel O' Brien, the World Bank’s Task Team Leader for the project.&lt;/b&gt; &lt;/span&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt; &lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-style: italic"&gt;###&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-style: italic"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;For more information on the World Bank’s work in Africa visit:&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="http://www.worldbank.org/afr/"&gt;&lt;span style="COLOR: #204e84; mso-bidi-font-family: Arial"&gt;&lt;font face="Times New Roman"&gt;http://www.worldbank.org/afr/&lt;/font&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;&lt;p&gt; &lt;/p&gt;</description>
      <pubDate>Wed, 01 Jul 2009 13:44:54 GMT</pubDate>
      <guid>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22233144~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</guid>
      <dc:date>2009-07-01T13:44:54Z</dc:date>
    </item>
    <item>
      <title>World Bank Provides Credit of $35 million for Flagship Project to Promote Sustainable Tourism Development in Ethiopia</title>
      <link>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22233102~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</link>
      <description>&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Contacts&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;br /&gt;&lt;em&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;In Washington:&lt;/span&gt;&lt;/em&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in"&gt;&lt;em&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Shahzad Sharjeel&lt;/span&gt;&lt;/em&gt; &lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt;&lt;br /&gt;(202) 458-5584&lt;br /&gt;&lt;/span&gt;&lt;u&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: #204e84; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="mailto:Ssharjeel@worldbank.org"&gt;Ssharjeel@worldbank.org&lt;/a&gt;&lt;/span&gt;&lt;/u&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;br style="mso-special-character: line-break" /&gt;&lt;br style="mso-special-character: line-break" /&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in"&gt;&lt;em&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;In Addis Ababa:&lt;/span&gt;&lt;/em&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Gelila Woodeneh&lt;br /&gt;(011) 6627700&lt;br /&gt;&lt;/span&gt;&lt;u&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: #204e84; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="mailto:gwoodeneh@worldbank.org"&gt;gwoodeneh@worldbank.org&lt;/a&gt;&lt;/span&gt;&lt;/u&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Washington, June 30, 2009&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; - The World Bank’s Board of Executive Directors today approved the first-ever sustainable tourism development project in Sub-Saharan Africa, a US$ 35 &lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt;million International Development Association (IDA) Credit to the Government of Ethiopia. This initiative to develop the sector is guided by the vision that tourism should be sustainably developed and utilized for economic growth, job creation and poverty reduction whilst preserving and enhancing the country’s social, cultural and environmental assets.&lt;/span&gt;&lt;/p&gt;&lt;p style="TEXT-ALIGN: justify"&gt;&lt;span lang="EN" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: EN"&gt;The Ethiopian tourism sector, which accounts &lt;span class="highlightedsearchterm"&gt;f&lt;/span&gt;or about 15 per cent o&lt;span class="highlightedsearchterm"&gt;f&lt;/span&gt; &lt;span class="highlightedsearchterm"&gt;f&lt;/span&gt;oreign currency earnings, represents the third largest export earner and has significant growth potential. Since 2005, the&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;government has given increased attention to the sector and aims to put the country among the top 10 African tourist destinations by the year 2020. This requires important investments in the preservation of cultural assets, the development of infrastructure and tourism facilities, skills enhancement, institutional development and community engagement.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;“The proposed project provides much needed assistance to Ethiopia to unleash the unique potential of Ethiopia’s tourism sector through product improvement, market development and capabilities enhancement. Both the private sector and communities will partner with the Government to enhance the overall sector’s competitiveness so as to foster employment generation, foreign exchange earnings and improved living standards for the Ethiopians”,&lt;/span&gt;&lt;/i&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;said &lt;b&gt;Francois Nankobogo&lt;/b&gt;, the Bank’s Task Team Leader for the project.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;The objective of the Sustainable Tourism Development Project for Ethiopia is to enhance the quality and variety of tourism products and services in targeted destinations so as to increase the volume of tourism, foreign exchange earnings, and jobs.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;The project has four components. The first component, related to destination development, will address issues pertaining to:&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify; mso-list: l0 level1 lfo1"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;(i)&lt;span style="FONT: 7pt 'Times New Roman'"&gt;            &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;the rehabilitation and enhancement of basic infrastructure in key historic sites, namely Lalibela, Axum and Addis Ababa;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify; mso-list: l0 level1 lfo1"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;(ii)&lt;span style="FONT: 7pt 'Times New Roman'"&gt;           &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;visitor services enhancement in selected destinations; and&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify; mso-list: l0 level1 lfo1"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;(iii)&lt;span style="FONT: 7pt 'Times New Roman'"&gt;          &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt;tourism product development.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 0.75in; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;The second component, which deals with market development, will support: (a) positioning and marketing; and (b) a demand-driven linkages program utilizing a matching grant scheme for private sector competitiveness and fostering community involvement. The third component focuses on institutional development and capacity building through enhanced public-private partnerships, skills and sector management capabilities. Finally, the fourth component, dealing with implementation support and results monitoring, will support fiduciary and safeguards compliance activities, the set up of results-tracking system as well as project performance periodic reviews.&lt;/span&gt;&lt;/p&gt;&lt;p style="TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Currently, Ethiopia’s main tourist destination is the northern historic route which includes the sites of Lalibela and Axum. Addis Ababa, the principal gateway to the rest of the country, is in its own right a major destination and a leading conference venue in sub-Saharan Africa. Several emerging destinations in southern, western and eastern Ethiopia offer a wide range of historic, cultural and natural attractions. The total number of international tourist arrivals in Ethiopia, although growing (from 148,000 in 2001 to around 303,000 in 2007), is by no means commensurate with the potential of the country's attractions. The proposed project will help reduce some of the constraints so as to improve the living standards of the population.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;The project will be implemented by the Ministry of Culture and Tourism over a period of five years.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p&gt; &lt;/p&gt;</description>
      <pubDate>Wed, 01 Jul 2009 13:30:14 GMT</pubDate>
      <guid>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22233102~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</guid>
      <dc:date>2009-07-01T13:30:14Z</dc:date>
    </item>
    <item>
      <title>World Bank Approves US$535 Million Package for Ghana</title>
      <link>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22232485~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</link>
      <description>&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Contacts:&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Kafu Kofi Tsikata&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt;+ (233) 284 312 540&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="mailto:ktsikata@worldbank.org"&gt;&lt;span style="mso-bidi-font-family: Arial"&gt;&lt;font face="Arial, Helvetica"&gt;ktsikata@worldbank.org&lt;/font&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: center; mso-layout-grid-align: none" align="center"&gt;&lt;b&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; mso-layout-grid-align: none"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Washington DC--June 30, 2009.&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt; The Board of Directors of the World Bank today approved a total of US$535 million to support three credit facilities aimed at helping improve economic governance and stabilizing Ghana’s economy. They are:&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 0.5in; LINE-HEIGHT: normal; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;Economic Governance and Poverty Reduction Credit (&lt;/span&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;EGPRC)&lt;span style="COLOR: black; mso-bidi-font-weight: bold"&gt;&lt;span style="mso-tab-count: 1"&gt;              &lt;/span&gt; US$300 million&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 0.5in; LINE-HEIGHT: normal; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;Transport Sector Project&lt;span style="mso-tab-count: 6"&gt;                                                                     &lt;/span&gt; US$225 million&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 0.5in; LINE-HEIGHT: normal; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;Natural Resources and Environmental Governance (NREG)&lt;span style="mso-tab-count: 2"&gt;                    &lt;/span&gt; US$&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; 10 million&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 12pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;These first set of credits are part of US$1.2 billion the Bank plans to support the government of Ghana with over the next three years.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 12pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;The government is currently faced with a difficult macro-economic situation, the consequence of combination of domestic and external shocks&lt;/span&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; (fuel and food crisis, droughts and floods in the North, financial crisis and global slowdown) which revealed and exacerbated a number of structural challenges in the public sector in general, and in the energy sector in particularly, and which, if left un-tackled, would undermine Ghana's growth and development prospects.&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 12pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;The Government has indicated its willingness to undertake necessary reforms.&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Recognizing the severity of the situation and the related financing gaps, the Government requested assistance from the World Bank in April 2009.&lt;/span&gt;&lt;/p&gt;&lt;p class="Sub-Para2underX" style="MARGIN: 0in 0in 12pt; TEXT-INDENT: 0in; mso-list: none; tab-stops: list .5in"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;In the words of Ghana’s Minister of Finance, Hon Kwabena Duffuor, noted:&lt;i style="mso-bidi-font-style: normal"&gt; “These resources could not have come at a better time. We have been working hard to minimize the impact of the global financial crunch on our people and these facilities will go a long way in supplementing our internal revenue generation and poverty reduction efforts. It is our duty as a government to bring the macroeconomic situation back on track, and we are committed to implementing appropriate measures in this regard.”&lt;/i&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 10pt"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; LINE-HEIGHT: 115%; FONT-FAMILY: 'Arial','sans-serif'"&gt;Economic Governance and Poverty Reduction Credit (&lt;/span&gt;&lt;/b&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; FONT-FAMILY: 'Arial','sans-serif'"&gt;EGPRC) – ($300m)&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;This credit is a budget support operation which aims to assist Ghana’s efforts to bring the fiscal situation back on a sound and sustainable track while protecting the development objectives set forth in Ghana’s Second Growth and Poverty Reduction Strategy (GPRS II) for the period 2006-2009.&lt;/span&gt;&lt;/p&gt;&lt;p class="MainParanoChapter" style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; mso-list: none; tab-stops: .5in"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;The credit will be disbursed in two tranches. The first tranche of US$150 million will be effected immediately the financing agreement is signed by the government and the World Bank in early July 2009. The second will take place in the third quarter of 2009, immediately after the Government has completed the actions it has committed to take.&lt;/span&gt;&lt;/p&gt;&lt;p class="MainParanoChapter" style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; mso-list: none; tab-stops: .5in"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MainParanoChapter" style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; mso-list: none; tab-stops: .5in"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;These actions include:&lt;/span&gt;&lt;/i&gt;&lt;/p&gt;&lt;p class="MainParanoChapter" style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; mso-list: none; tab-stops: .5in"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/i&gt;&lt;/p&gt;&lt;p class="Sub-Para2underX" style="MARGIN: 0in 0in 0pt 0.5in; mso-list: l0 level4 lfo2; tab-stops: list .5in"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;a.&lt;span style="FONT: 7pt 'Times New Roman'"&gt;    &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Relating to the Budget: establishing a single treasury account, improving compliance with the public procurement law, correcting any budget deviations &lt;span style="COLOR: black"&gt;(fiscal deficit, pro-poor expenditures)&lt;/span&gt; that may have arisen at mid-year through new fiscal measures, publishing fiscal accounts with less than one quarter lag, and submitting to Parliament the Freedom of Information Bill.&lt;/span&gt;&lt;/p&gt;&lt;p class="Sub-Para2underX" style="MARGIN: 0in 0in 0pt 0.5in; mso-list: l0 level4 lfo2; tab-stops: list .5in"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;b.&lt;span style="FONT: 7pt 'Times New Roman'"&gt;   &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; LETTER-SPACING: -0.15pt"&gt;Structural measures: reconstituting the Boards&lt;/span&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; of energy related regulatory utilities and authorities, adopting an electricity sector financial recovery plan, adopting draft legislation on the Ghana Petroleum Regulatory Authority and Oil and Gas Fiscal Regime, designating a leader in Government for the Public Sector Reforms agenda, and eliminating ghost workers in health and education services.&lt;/span&gt;&lt;/p&gt;&lt;p class="Sub-Para2underX" style="MARGIN: 0in 0in 0pt 0.5in; mso-list: l0 level4 lfo2; tab-stops: list .5in"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;c.&lt;span style="FONT: 7pt 'Times New Roman'"&gt;    &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Protecting the Poor: extending the number of Livelihood Empowerment Against Poverty (LEAP) beneficiaries, and reviewing the effectiveness of pro-poor expenditures by revising their classification.&lt;/span&gt;&lt;/p&gt;&lt;p class="Sub-Para2underX" style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: 0in; mso-list: none; tab-stops: .5in"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="Sub-Para2underX" style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; mso-list: none; tab-stops: list .5in"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;According to Ishac Diwan, World Bank Country Director for Ghana, &lt;i style="mso-bidi-font-style: normal"&gt;“it is important to stress that these are not externally imposed conditionalities.&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; These are actions that the government has decided to undertake in order to ensure fiscal prudence, transparency and accountability in the delivery of services.&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; We all, citizens, Parliament and Development Partners alike, need to be vigilant and play our parts in promoting value for money in the disbursement of hard earned resources.”&lt;/i&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="Sub-Para2underX" style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; mso-list: none; tab-stops: list .5in"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="Sub-Para2underX" style="MARGIN: 0in 0in 12pt; TEXT-INDENT: 0in; mso-list: none; tab-stops: .5in"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Transport Sector Project - ($225m)&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="Sub-Para2underX" style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; mso-list: none; tab-stops: list 0in"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;The objective of this project is to improve mobility of goods and passengers through reduction in travel time, vehicle &lt;span style="COLOR: black; mso-bidi-font-style: italic; mso-bidi-font-weight: bold"&gt;operating&lt;/span&gt; cost, and implementation of safety strategy. This objective will be achieved through strengthening the capacity of transport institutions in planning, regulation, operations and maintenance.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; tab-stops: list .5in"&gt;&lt;span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: EN-GB"&gt;The Government has developed a Transport Sector Development Programme as the successor program to the Road Sector Development Programme, setting out an integrated program of development activities for Ghana’s Transport Sector for the period 2008-&lt;/span&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;2012&lt;/span&gt;&lt;span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: EN-GB"&gt;. This project supports implementation of the Program.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 0.5in; LINE-HEIGHT: normal; tab-stops: list .5in"&gt;&lt;span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: EN-GB"&gt;&lt;span style="mso-tab-count: 1"&gt;           &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; tab-stops: list 63.0pt"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Project components include:&lt;/span&gt;&lt;/i&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; tab-stops: list 63.0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoListParagraphCxSpFirst" style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; LINE-HEIGHT: normal; mso-list: l2 level1 lfo3; tab-stops: list 63.0pt; mso-add-space: auto"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"&gt;&lt;span style="mso-list: Ignore"&gt;·&lt;span style="FONT: 7pt 'Times New Roman'"&gt;        &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Improvement of Trunk Roads ($64.0m):&lt;/span&gt;&lt;/b&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;This will be implemented by the Ghana Highway Authority and consist of&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;i style="mso-bidi-font-style: normal"&gt; &lt;/i&gt;&lt;/b&gt;rehabilitation of a major trunk road from Ayamfuri-Asawinso (52 km) to establish a South-North transport corridor in the West of Ghana.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoListParagraphCxSpMiddle" style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; LINE-HEIGHT: normal; mso-list: l2 level1 lfo3; tab-stops: list 63.0pt; mso-add-space: auto"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"&gt;&lt;span style="mso-list: Ignore"&gt;·&lt;span style="FONT: 7pt 'Times New Roman'"&gt;        &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Improvement of Urban Roads ($78m):&lt;/span&gt;&lt;/b&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;This component will be implemented by the Department of Urban Roads and consists of rehabilitation of the Burma Camp and Giffard roads, and the financing of urban transport infrastructure such as depots, terminals, and access facilities to the planned Bus Rapid Transit system in Accra.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoListParagraphCxSpLast" style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; LINE-HEIGHT: normal; mso-list: l2 level1 lfo3; tab-stops: 60.0pt; mso-add-space: auto"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"&gt;&lt;span style="mso-list: Ignore"&gt;·&lt;span style="FONT: 7pt 'Times New Roman'"&gt;        &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Improvement of Feeders Roads ($50.5m):&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; This component will help in improving rural access through efficient and sustainable feeder roads reconstruction, rehabilitation, and maintenance.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; tab-stops: 60.0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; tab-stops: list .5in"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: EN-GB"&gt;“For Ghana to continue to play its role as the gateway to West Africa, the development of transport infrastructure remains at the centre. A better transport system will improve access to markets and will encourage farmers to improve the quality and quantity of their produce.&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; Capacity building to enhance the performance of key institutions in the roads, aviation, maritime and railway subsectors will be emphasized,”&lt;/span&gt;&lt;/i&gt;&lt;span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: EN-GB"&gt; says Ishac Diwan.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; tab-stops: list .5in"&gt;&lt;span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: EN-GB"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="Sub-Para2underX" style="MARGIN: 0in 0in 12pt; TEXT-INDENT: 0in; mso-list: none; tab-stops: .5in"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Natural Resources and Environmental Governance Credit - ($10m)&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 10pt"&gt;&lt;span style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; FONT-FAMILY: 'Arial','sans-serif'"&gt;This is the second in the series of 3 Development Policy Operations (DPOs) for the period 2008-2010.&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; It is a sector budget support operation targeting the natural resources and the environmental sectors. The first operation was prepared and executed in 2008. The objectives of the three series of operations&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; are to (a) ensure predictable and sustainable financing for the forest and wildlife sectors and effective forest law enforcement; (b) improve mining sector revenue collection, management, and transparency; (c) address social issues in forest and mining communities; and (d) mainstream&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; environment into economic growth through Strategic Environmental Assessment (SEA), Environmental Impact Assessment (EIA), and development of a&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; Climate Change Strategy. This facility will be disbursed in a single tranche as soon as the credit agreement is ratified by Parliament and a legal opinion is provided by the Attorney General’s Department.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; FONT-FAMILY: 'Arial','sans-serif'"&gt;For more information, please visit:&lt;/span&gt;&lt;/i&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="http://www.worldbank.org/Ghana"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="mso-bidi-font-family: Arial"&gt;&lt;font face="Times New Roman"&gt;www.worldbank.org/Ghana&lt;/font&gt;&lt;/span&gt;&lt;/i&gt;&lt;/a&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;/i&gt;&lt;/span&gt;&lt;/p&gt;&lt;p&gt; &lt;/p&gt;</description>
      <pubDate>Tue, 30 Jun 2009 21:52:31 GMT</pubDate>
      <guid>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22232485~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</guid>
      <dc:date>2009-06-30T21:52:31Z</dc:date>
    </item>
    <item>
      <title>World Bank approves US$24.2 million for Emergency Infrastructure and Agriculture and Infrastructure in Liberia</title>
      <link>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22232430~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</link>
      <description>&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;font face="Calibri"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Contact:&lt;/span&gt;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Roosevelt Ganteh Tule&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;+ (231) 6606948&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in; LINE-HEIGHT: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="mailto:rtule@worldbank.org"&gt;rtule@worldbank.org&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: center; mso-layout-grid-align: none" align="center"&gt;&lt;b&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Washington DC-June 30, 2009.&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt; The Board of Directors of the World Bank today approved a total of US$24.2 million to provide&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;additional grants to Liberia for the Emergency Infrastructure Project (EIP), and Agriculture and Infrastructure Development Project&lt;span style="mso-bidi-font-weight: bold"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 10pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; LINE-HEIGHT: 115%; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;The additional grants will help finance the costs associated with over-runs and the scaling up of activities to enhance development impact.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoListParagraphCxSpFirst" style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; LINE-HEIGHT: normal; mso-list: l1 level1 lfo2"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;1.&lt;span style="FONT: 7pt 'Times New Roman'"&gt;    &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Emergency Infrastructure Project (EIP) US$8.2million&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoListParagraphCxSpLast" style="MARGIN: 0in 0in 10pt 0.5in; TEXT-INDENT: -0.25in; LINE-HEIGHT: normal; mso-list: l1 level1 lfo2"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;2.&lt;span style="FONT: 7pt 'Times New Roman'"&gt;    &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Agriculture and Infrastructure Development Project (AIDP) US$16.0 million&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;The main additions to the EIP are: (i) cover cost overruns for five project activities; (ii) modify at zero cost the technical intervention of specified road works on the Freeport of Monrovia to Cotton Tree road corridor; (iii) introduce a new project activity in the port of Monrovia; and (iv) drop three specific project activities from the project design.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;The major additions to the AIDP on the other hand are to: i) cover cost over-runs for a major consultancy assignment and for the construction of a critical bridge in Monrovia; (ii) for scaling up road works on 83 km corridors from Freeport of Monrovia to Cotton Tree; and (iii) for dropping three activities from the project.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;The World Bank project will also support capacity-strengthening of Liberia’s Ministry of Public Works, the Liberia Water and Sewer Corporation, and the Monrovia City Corporation through the provision of consultants’ services.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;Both the EIP and AIDP modified and scaled up project activities under the proposed additional financing are aimed to further solidify benefits of the original projects.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;The Ministry of Public Works is implementing the projects on behalf of the Government of Liberia. The newly appointed Public Work Minister, Hon. Samuel Kofi Woods has expressed the Government’s gratitude for the tremendous support of the World Bank; and has promised to make this year one of “Implementation and Action.”&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;The AIDP and the EIP, which are consistent with pillar four of the country’s Poverty Reduction Strategy: Rebuilding Infrastructure and Providing Basic Services; broadly have three expected development outcomes:&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt; &lt;/span&gt;&lt;/p&gt;&lt;ol style="MARGIN-TOP: 0in" type="1"&gt;&lt;li class="MsoNormal" style="MARGIN: 0in 0in 0pt; COLOR: black; LINE-HEIGHT: normal; TEXT-ALIGN: justify; mso-layout-grid-align: none; mso-list: l0 level1 lfo1"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;Conflict prevention and post-conflict reconstruction;&lt;/span&gt;&lt;/li&gt;&lt;li class="MsoNormal" style="MARGIN: 0in 0in 0pt; COLOR: black; LINE-HEIGHT: normal; TEXT-ALIGN: justify; mso-layout-grid-align: none; mso-list: l0 level1 lfo1"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;Infrastructure services for private sector development; and&lt;/span&gt;&lt;/li&gt;&lt;li class="MsoNormal" style="MARGIN: 0in 0in 0pt; COLOR: black; LINE-HEIGHT: normal; TEXT-ALIGN: justify; mso-layout-grid-align: none; mso-list: l0 level1 lfo1"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;Rural services and infrastructure&lt;/span&gt;&lt;/li&gt;&lt;/ol&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;After years of post civil war reconstruction, Liberia needs significant technical and financial assistance. The projects, therefore, provide a critical support to the country.&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; The projects will specifically provide additional funding to transportation, including roads, bridges, and Monrovia Freeport.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: center; mso-layout-grid-align: none" align="center"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;For more information, please visit&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: center; mso-layout-grid-align: none" align="center"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;&lt;a href="http://www.worldbank.org/liberia"&gt;www.worldbank.org/liberia&lt;/a&gt;&lt;/span&gt;&lt;/i&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in -0.05in 0pt 0in; LINE-HEIGHT: normal"&gt; &lt;/p&gt;</description>
      <pubDate>Tue, 30 Jun 2009 21:47:16 GMT</pubDate>
      <guid>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22232430~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</guid>
      <dc:date>2009-06-30T21:47:16Z</dc:date>
    </item>
    <item>
      <title>Liberia: Emergency Infrastructure Project and Agriculture Infrastructure Development Project</title>
      <link>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22232316~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</link>
      <description>&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; tab-stops: 0in .5in 1.0in 1.5in 2.0in 2.5in 3.0in; mso-layout-grid-align: none"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;WASHINGTON, June 30, 2009&lt;/span&gt;&lt;/b&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;- The World Bank’s Board of Executive Directors today approved the following project:&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: red; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Liberia: Emergency Infrastructure Project and&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Agriculture Infrastructure Development Project&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; tab-stops: 189.75pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: red; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;span style="mso-tab-count: 1"&gt;                                                              &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;IDA Grant&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;:&lt;span style="COLOR: red"&gt; &lt;/span&gt;US$24.20 million equivalent&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Project ID:&lt;/span&gt;&lt;/b&gt; &lt;span class="contenttitle"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;P117019&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Project Description&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;: The additional grants for the &lt;b style="mso-bidi-font-weight: normal"&gt;Emergency Infrastructure Project and&lt;/b&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Agriculture Infrastructure Development&lt;/span&gt;&lt;/b&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;project in&lt;b style="mso-bidi-font-weight: normal"&gt; Liberia&lt;/b&gt; will help finance the costs associated with scaling up activity to enhance the development impact and the introduction of one new modified project activity. After a civil war and following establishment of democratically elected Government of Liberia (GOL) in early 2006, the International Development Association has, with a series of infrastructure projects', contributed to GOL effort in re-establishing infrastructure of the country. While these projects are stand-alone operations of relatively modest size, implementation of the projects has had to take account of needed re-prioritization, scaling up of some interventions, critical infrastructure that during this time has collapsed, significant cost escalation and entry by other donors to Liberia.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;b&gt;&lt;i&gt;&lt;span lang="ES" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: ES"&gt;Media Contact&lt;/span&gt;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Roosevelt Ganteh Tule&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt;+ (231) 6606948&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="mailto:rtule@worldbank.org"&gt;&lt;span style="COLOR: windowtext"&gt;rtule@worldbank.org&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; mso-layout-grid-align: none"&gt;&lt;i&gt;&lt;span lang="ES" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: ES"&gt; &lt;/span&gt;&lt;/i&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;For more project information, please visit:&lt;/span&gt;&lt;/i&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/AFRICAEXT/LIBERIAEXTN/0,,menuPK:356200~pagePK:141159~piPK:141110~theSitePK:356194,00.html"&gt;&lt;span style="COLOR: windowtext"&gt;http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/AFRICAEXT/LIBERIAEXTN/0,,menuPK:356200~pagePK:141159~piPK:141110~theSitePK:356194,00.html&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;&lt;p&gt; &lt;/p&gt;</description>
      <pubDate>Tue, 30 Jun 2009 21:11:48 GMT</pubDate>
      <guid>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22232316~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</guid>
      <dc:date>2009-06-30T21:11:48Z</dc:date>
    </item>
    <item>
      <title>Ghana: Transport Sector Project</title>
      <link>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22232321~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</link>
      <description>&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; tab-stops: 0in .5in 1.0in 1.5in 2.0in 2.5in 3.0in; mso-layout-grid-align: none"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;WASHINGTON, June 30, 2009&lt;/span&gt;&lt;/b&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;- The World Bank’s Board of Executive Directors today approved the following project:&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: red; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Ghana: Transport Sector Project&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; tab-stops: 189.75pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: red; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;span style="mso-tab-count: 1"&gt;                                                              &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;IDA Credit&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;: US$225 million equivalent&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Terms&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;:&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; Maturity = 35 years; Grace period = 10 years&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Project ID:&lt;/span&gt;&lt;/b&gt; &lt;span class="contenttitle"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;P102000&lt;/span&gt;&lt;/span&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Project Description&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;: The objective&lt;b style="mso-bidi-font-weight: normal"&gt; &lt;/b&gt;of the&lt;b style="mso-bidi-font-weight: normal"&gt; Transport Sector Project&lt;/b&gt; in&lt;b style="mso-bidi-font-weight: normal"&gt; Ghana&lt;/b&gt; is to improve the mobility of goods and passengers by reducing travel time and vehicle operating cost, and to improve road safety standards. This objective will be achieved through strengthening the capacity of transport institutions in planning, regulation, operations and maintenance, and infrastructure investment.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: red; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;b&gt;&lt;i&gt;&lt;span lang="ES" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: ES"&gt;Media Contact&lt;/span&gt;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Kafu Kofi Tsikata&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;+ (233) 284 312 540&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 12pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="mailto:ktsikata@worldbank.org"&gt;&lt;span style="COLOR: windowtext"&gt;ktsikata@worldbank.org&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;For more project information, please visit:&lt;/span&gt;&lt;/i&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="http://web.worldbank.org/external/projects/main?pagePK=64283627&amp;amp;piPK=73230&amp;amp;theSitePK=40941&amp;amp;menuPK=228424&amp;amp;contentFed=yes&amp;amp;Projectid=P102000"&gt;&lt;span style="COLOR: windowtext"&gt;http://web.worldbank.org/external/projects/main?pagePK=64283627&amp;amp;piPK=73230&amp;amp;theSitePK=40941&amp;amp;menuPK=228424&amp;amp;contentFed=yes&amp;amp;Projectid=P102000&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;&lt;p&gt; &lt;/p&gt;</description>
      <pubDate>Tue, 30 Jun 2009 21:05:19 GMT</pubDate>
      <guid>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22232321~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</guid>
      <dc:date>2009-06-30T21:05:19Z</dc:date>
    </item>
    <item>
      <title>Ghana: Second Natural Resources and Environmental Governance Development Policy Operation</title>
      <link>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22232304~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</link>
      <description>&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; tab-stops: 0in .5in 1.0in 1.5in 2.0in 2.5in 3.0in; mso-layout-grid-align: none"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;WASHINGTON, June 30, 2009&lt;/span&gt;&lt;/b&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;- The World Bank’s Board of Executive Directors today approved the following project:&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: red; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Ghana: Second Natural Resources and Environmental&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Governance Development Policy Operation&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; tab-stops: 189.75pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: red; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;span style="mso-tab-count: 1"&gt;                                                              &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;IDA Credit&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;: US$10 million equivalent&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Terms&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;:&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; Maturity = 35 years; Grace period = 10 years&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Project ID:&lt;/span&gt;&lt;/b&gt; &lt;span class="contenttitle"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;P113172&lt;/span&gt;&lt;/span&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Project Description&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;: The objectives of the &lt;b style="mso-bidi-font-weight: normal"&gt;Second Natural Resources and Environmental Governance Development Policy Operation&lt;/b&gt; project in&lt;b style="mso-bidi-font-weight: normal"&gt; Ghana&lt;/b&gt; are to&lt;b style="mso-bidi-font-weight: normal"&gt; &lt;/b&gt;&lt;/span&gt;&lt;span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: EN-GB"&gt;ensure predictable and sustainable financing for the forest and wildlife sectors and effective forest law enforcement, address social issues in forest and mining communities, and improve mining management and transparency.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span lang="EN-GB" style="FONT-SIZE: 10pt; COLOR: red; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;b&gt;&lt;i&gt;&lt;span lang="ES" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: ES"&gt;Media Contact&lt;/span&gt;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Kafu Kofi Tsikata&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;+ (233) 284 312 540&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 12pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="mailto:ktsikata@worldbank.org"&gt;&lt;span style="COLOR: windowtext"&gt;ktsikata@worldbank.org&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;For more project information, please visit:&lt;/span&gt;&lt;/i&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; tab-stops: 0in .5in 1.0in 1.5in 2.0in 2.5in 3.0in; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: EN-US; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US; mso-bidi-language: AR-SA"&gt;&lt;a href="http://www-wds.worldbank.org/external/default/main?pagePK=64193027&amp;amp;piPK=64187937&amp;amp;theSitePK=523679&amp;amp;menuPK=64187510&amp;amp;searchMenuPK=64187283&amp;amp;theSitePK=523679&amp;amp;entityID=000104615_20090107151004&amp;amp;searchMenuPK=64187283&amp;amp;theSitePK=523679"&gt;&lt;span style="COLOR: windowtext"&gt;http://www-wds.worldbank.org/external/default/main?pagePK=64193027&amp;amp;piPK=64187937&amp;amp;theSitePK=523679&amp;amp;menuPK=64187510&amp;amp;searchMenuPK=64187283&amp;amp;theSitePK=523679&amp;amp;entityID=000104615_20090107151004&amp;amp;searchMenuPK=64187283&amp;amp;theSitePK=523679&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;</description>
      <pubDate>Tue, 30 Jun 2009 20:59:29 GMT</pubDate>
      <guid>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22232304~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</guid>
      <dc:date>2009-06-30T20:59:29Z</dc:date>
    </item>
    <item>
      <title>Ethiopia: Sustainable Tourism Development Project</title>
      <link>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22232297~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</link>
      <description>&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; tab-stops: 0in .5in 1.0in 1.5in 2.0in 2.5in 3.0in; mso-layout-grid-align: none"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;WASHINGTON, June 30, 2009&lt;/span&gt;&lt;/b&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;- The World Bank’s Board of Executive Directors today approved the following project:&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: red; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Ethiopia: Sustainable Tourism Development Project&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; tab-stops: 189.75pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: red; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;span style="mso-tab-count: 1"&gt;                                                              &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;IDA Credit&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;: US$35 million equivalent&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Terms&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;:&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; Maturity = 40 years; Grace period = 10 years&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Project ID:&lt;/span&gt;&lt;/b&gt; &lt;span class="contenttitle"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;P098132&lt;/span&gt;&lt;/span&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Project Description&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;: The objective of the &lt;b style="mso-bidi-font-weight: normal"&gt;Sustainable Tourism Development Project&lt;/b&gt; in &lt;b style="mso-bidi-font-weight: normal"&gt;Ethiopia&lt;/b&gt; is to contribute to the enhancement of the quality and variety of tourism products and services in targeted destinations so as to increase tourist visitation, foreign exchange earnings, and jobs. The implementation of the project will cause an increase of annual international visitors, which will translate into higher foreign exchange earnings, and increase the number of direct and indirect tourism-related jobs.&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; mso-layout-grid-align: none"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Media Contact&lt;/span&gt;&lt;/i&gt;&lt;/b&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;i style="mso-bidi-font-style: normal"&gt;in Addis Ababa&lt;/i&gt;&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Gelila Woodeneh&lt;br /&gt;(011) 6627700&lt;br /&gt;&lt;a href="mailto:gwoodeneh@worldbank.org"&gt;&lt;span style="COLOR: windowtext"&gt;gwoodeneh@worldbank.org&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; mso-layout-grid-align: none"&gt;&lt;i&gt;&lt;span lang="ES" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: ES"&gt; &lt;/span&gt;&lt;/i&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;For more project information, please visit:&lt;/span&gt;&lt;/i&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="http://web.worldbank.org/external/projects/main?pagePK=64283627&amp;amp;piPK=73230&amp;amp;theSitePK=40941&amp;amp;menuPK=228424&amp;amp;contentFed=yes&amp;amp;Projectid=P098132"&gt;&lt;span style="COLOR: windowtext"&gt;http://web.worldbank.org/external/projects/main?pagePK=64283627&amp;amp;piPK=73230&amp;amp;theSitePK=40941&amp;amp;menuPK=228424&amp;amp;contentFed=yes&amp;amp;Projectid=P098132&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;&lt;p&gt; &lt;/p&gt;</description>
      <pubDate>Tue, 30 Jun 2009 20:57:54 GMT</pubDate>
      <guid>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22232297~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</guid>
      <dc:date>2009-06-30T20:57:54Z</dc:date>
    </item>
    <item>
      <title>Democratic Republic of Congo: Southern African Power Market Project</title>
      <link>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22232270~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</link>
      <description>&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; tab-stops: 0in .5in 1.0in 1.5in 2.0in 2.5in 3.0in; mso-layout-grid-align: none"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;WASHINGTON, June 30, 2009&lt;/span&gt;&lt;/b&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;- The World Bank’s Board of Executive Directors today approved the following project:&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: red; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; TEXT-ALIGN: center; tab-stops: 0in .5in 1.0in 1.5in 2.0in 2.5in 3.0in; mso-layout-grid-align: none" align="center"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Democratic Republic of Congo: Southern African Power Market Project&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; mso-layout-grid-align: none"&gt;&lt;i&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: red; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/i&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;IDA Grant&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;: US$180.62 million&lt;b&gt; &lt;/b&gt;&lt;span style="mso-bidi-font-weight: bold"&gt;equivalent&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Project ID:&lt;/span&gt;&lt;/b&gt; &lt;span class="contenttitle"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;P105654&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Project Description:&lt;/span&gt;&lt;/b&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;The objective of the &lt;b&gt;Southern African Power Market Project&lt;/b&gt; &lt;span style="mso-bidi-font-weight: bold"&gt;in the&lt;b&gt; Democratic Republic of Congo&lt;/b&gt;&lt;/span&gt; is to develop an efficient regional power market in the Southern African Development Community to create conditions for accelerated investments in the power sector, increase competition and foster regional economic integration.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;b&gt;&lt;i&gt;&lt;span lang="ES" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: ES"&gt; &lt;/span&gt;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;b&gt;&lt;i&gt;&lt;span lang="ES" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: ES"&gt;Media Contact&lt;/span&gt;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Louise Engulu Mekonda&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;(243) 98-30-2914&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;lengulu@worldbank.org&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; mso-layout-grid-align: none"&gt;&lt;i&gt;&lt;span lang="ES" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: ES"&gt; &lt;/span&gt;&lt;/i&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;For more project information, please visit:&lt;/span&gt;&lt;/i&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/AFRICAEXT/CONGODEMOCRATICEXTN/0,,menuPK:349472~pagePK:141159~piPK:141110~theSitePK:349466,00.html"&gt;&lt;span style="COLOR: windowtext"&gt;http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/AFRICAEXT/CONGODEMOCRATICEXTN/0,,menuPK:349472~pagePK:141159~piPK:141110~theSitePK:349466,00.html&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: red; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p&gt; &lt;/p&gt;</description>
      <pubDate>Tue, 30 Jun 2009 20:54:41 GMT</pubDate>
      <guid>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22232270~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</guid>
      <dc:date>2009-06-30T20:54:41Z</dc:date>
    </item>
    <item>
      <title>High speed internet is key to economic growth and job creation in developing countries, says new World Bank Group report</title>
      <link>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22231347~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</link>
      <description>&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;News Release No. &lt;span style="COLOR: black"&gt;2009/XXX/SDN/IFC&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p style="MARGIN: 0in 0in 0pt"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;In Washington, D.C.:&lt;br /&gt;&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;Alexandra Klopfer&lt;br /&gt;Phone: (202) 473-4645&lt;br /&gt;E-mail: &lt;a href="mailto:aklopfer@worldbank.org"&gt;&lt;span style="mso-ascii-font-family: Arial; mso-hansi-font-family: Arial"&gt;&lt;font face="Verdana"&gt;aklopfer@worldbank.org&lt;/font&gt;&lt;/span&gt;&lt;/a&gt;&lt;b&gt; &lt;/b&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="MARGIN: 0in 0in 0pt"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;Karolina Ordon&lt;/span&gt;&lt;/p&gt;&lt;p style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;Phone: (202) 458-5971&lt;/span&gt;&lt;/p&gt;&lt;p style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;E-mail:&lt;/span&gt; &lt;span lang="ES-TRAD" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: ES-TRAD"&gt;&lt;a href="mailto:kordon@worldbank.org"&gt;&lt;span lang="EN-US" style="mso-ascii-font-family: Arial; mso-hansi-font-family: Arial; mso-ansi-language: EN-US"&gt;&lt;font face="Verdana"&gt;kordon@worldbank.org&lt;/font&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-style: italic; mso-fareast-language: ZH-CN"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-language: ZH-CN"&gt;Washington, D.C., June 30, 2009&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-language: ZH-CN"&gt;—A new report from the World Bank Group finds that access to affordable, high quality internet and mobile phone services enables development across all levels of the economy and society.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 6pt 0in"&gt;&lt;i&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-language: ZH-CN"&gt;Information and Communications for Development 2009: Extending Reach and Increasing Impac&lt;/span&gt;&lt;/i&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-style: italic; mso-fareast-language: ZH-CN"&gt;t takes an in-depth look at how ICT impacts economic growth in developing countries. The report finds that&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Dotum"&gt;for every 10 percentage-point increase in high speed Internet connections there is an increase in economic growth of 1.3 percentage points.&lt;/span&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-language: ZH-CN"&gt; &lt;/span&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Dotum"&gt;It also identifies the mobile platform as the single most powerful way to reach and deliver public and private services to hundreds of millions of people in remote and rural areas across the developing world.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Dotum"&gt;“Internet users in developing countries increased tenfold from 2000 to 2007, and there are now over four billion mobile phone subscribers in developing countries,” says &lt;b style="mso-bidi-font-weight: normal"&gt;Mohsen Khalil, World Bank Group Director for Global Information and Communication Technologies&lt;/b&gt;. “These technologies offer tremendous opportunities.&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; Governments can work with the private sector to accelerate rollout of broadband networks, and to extend access to low-income consumers.”&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Dotum"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;Broadband also provides the basis for local IT services industries, which create youth employment, increase productivity and exports, and promote social inclusion. Developing countries should seize this largely untapped opportunity, with less than 15 percent of the potential global market for IT services industries currently being exploited. In 2007, this market represented nearly US$500 billion.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;“Governments should proactively encourage the development of local IT services industries through policies and incentives directed at entrepreneurs and the private sector, and through investments in skills and infrastructure,” says &lt;b style="mso-bidi-font-weight: normal"&gt;World Bank Economist Christine Zhen-Wei Qiang,&lt;/b&gt;&lt;/span&gt; &lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;editor &lt;span style="COLOR: black"&gt;of the report.&lt;/span&gt;&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-style: italic"&gt;The report also contains n&lt;/span&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;ew empirical evidence from Brazil, Ghana, India and other countries demonstrating that m&lt;span style="mso-bidi-font-style: italic"&gt;odern, technology-enabled governments can become more efficient, transparent and responsive. A survey of over 30 countries shows that successful e-government&lt;/span&gt; requires organizational and behavioral changes that must be driven by high-level political commitment and effective coordination.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;“&lt;/span&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Access to broadband completes the information foundation for a modern economy and should be a priority in national development plans.” &lt;span style="COLOR: black"&gt;says&lt;b style="mso-bidi-font-weight: normal"&gt; Katherine Sierra, World Bank Vice President for Sustainable Development.&lt;/b&gt; &lt;/span&gt;“&lt;/span&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Dotum"&gt;Governments can play a key role in expanding broadband access by policies and incentives that encourage competition and private investment.”&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Dotum"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;The report builds on experience drawn from the Bank’s own significant involvement in the sector. The Bank Group is the largest international donor in the field of ICT for development and supports ICT activities projects in over 100 countries with a portfolio amounting to more than US$3 billion.&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;About the World Bank Group&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. It comprises five closely associated institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), which together form the World Bank; the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID). Each institution plays a distinct role in the mission to fight poverty and improve living standards for people in the developing world. For more information, please visit www.worldbank.org, www.miga.org, and www.ifc.org.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;About IC4D&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;IC4D is a regular publication of the World Bank Group addressing the critical role that information and communication technologies (ICT) play in economic development. It features at-a-glance tables for 150 economies of the latest available data on ICT sector performance.&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; The 2009 issue introduces performance measures for ICT access, affordability and applications in government and business. For more information visit &lt;a href="http://www.worldbank.org/ic4d"&gt;&lt;span style="mso-ascii-font-family: Arial; mso-hansi-font-family: Arial"&gt;&lt;font face="Verdana"&gt;www.worldbank.org/ic4d&lt;/font&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;</description>
      <pubDate>Tue, 30 Jun 2009 16:01:10 GMT</pubDate>
      <guid>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22231347~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</guid>
      <dc:date>2009-06-30T16:01:10Z</dc:date>
    </item>
    <item>
      <title>Zambia - Second Phase of the Road Rehabilitation and Maintenance Project</title>
      <link>http://www-wds.worldbank.org/external/default/main?pagePK=64193027&amp;piPK=64187937&amp;theSitePK=523679&amp;menuPK=64187510&amp;searchMenuPK=64187511&amp;cid=3001&amp;entityID=000104615_20090630121212</link>
      <description />
      <pubDate>Mon, 29 Jun 2009 04:00:00 GMT</pubDate>
      <guid>http://www-wds.worldbank.org/external/default/main?pagePK=64193027&amp;piPK=64187937&amp;theSitePK=523679&amp;menuPK=64187510&amp;searchMenuPK=64187511&amp;cid=3001&amp;entityID=000104615_20090630121212</guid>
      <dc:date>2009-06-29T04:00:00Z</dc:date>
    </item>
    <item>
      <title>Global Environment Facility Funds Benin Energy Efficiency Project</title>
      <link>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22228139~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</link>
      <description>&lt;p class="Normal1" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 110%"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;/b&gt;&lt;/p&gt;&lt;table class="MsoNormalTable" style="MARGIN: auto auto auto -16pt; BORDER-COLLAPSE: collapse; mso-table-layout-alt: fixed; mso-padding-alt: 0in 2.0pt 0in 2.0pt" cellspacing="0" cellpadding="0" width="665" border="0"&gt;&lt;tbody&gt;&lt;tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes; mso-yfti-lastrow: yes"&gt;&lt;td style="BORDER-RIGHT: #f0f0f0; PADDING-RIGHT: 2pt; BORDER-TOP: #f0f0f0; PADDING-LEFT: 2pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #f0f0f0; WIDTH: 241.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: #f0f0f0" valign="top" bgcolor="transparent"&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 5.4pt 0pt; LINE-HEIGHT: 12pt; TEXT-ALIGN: center; mso-layout-grid-align: none" align="center"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-RIGHT: #f0f0f0; PADDING-RIGHT: 2pt; BORDER-TOP: #f0f0f0; PADDING-LEFT: 2pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #f0f0f0; WIDTH: 257.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: #f0f0f0" valign="top" bgcolor="transparent"&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span lang="FR" style="COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR; mso-no-proof: yes"&gt;&lt;font size="2"&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p class="Normal1" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 110%"&gt;&lt;strong&gt;&lt;font face="Arial, Helvetica"&gt;Contacts:&lt;/font&gt;&lt;/strong&gt;&lt;/p&gt;&lt;p class="Normal1" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 110%"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;u&gt;&lt;span style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt;Washington:&lt;/font&gt;&lt;/span&gt;&lt;/u&gt;&lt;/i&gt;&lt;/p&gt;&lt;p class="Normal1" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 110%"&gt;&lt;span style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt;Rachel McColgan-Arnold&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="Normal1" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 110%"&gt;&lt;span style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt;(202) 458 5299&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="Normal1" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 110%"&gt;&lt;span style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="mailto:rmccolgan@worldbank.org"&gt;&lt;span lang="FR" style="mso-ansi-language: FR"&gt;&lt;font face="Arial, Helvetica"&gt;rmccolgan@worldbank.org&lt;/font&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;span style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;font face="Arial, Helvetica"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="Normal1" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 110%"&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;font face="Arial, Helvetica"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="Normal1" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 110%"&gt;&lt;font face="Arial, Helvetica"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;u&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;In Benin&lt;/span&gt;&lt;/u&gt;&lt;/i&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;:&lt;/span&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="Normal1" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 110%"&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;font face="Arial, Helvetica"&gt;Sylvie Nenonene&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="Normal1" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 110%"&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;font face="Arial, Helvetica"&gt;(229) 21 30 58 57&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="Normal1" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 110%"&gt;&lt;span style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="mailto:snenonene@worldbank.org"&gt;&lt;span lang="FR" style="mso-ansi-language: FR"&gt;&lt;font face="Arial, Helvetica"&gt;snenonene@worldbank.org&lt;/font&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;span style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;font face="Arial, Helvetica"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 110%"&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-layout-grid-align: none; mso-pagination: none"&gt;&lt;a class="bookmark" id="PR_StartText" title="PR_StartText" name="PR_StartText"&gt;&lt;/a&gt;&lt;a class="bookmark" id="DelTable" title="DelTable" name="DelTable"&gt;&lt;/a&gt;&lt;a class="bookmark" id="bktable" title="bktable" name="bktable"&gt;&lt;/a&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'; mso-no-proof: yes"&gt;&lt;font face="Arial, Helvetica" size="2"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-layout-grid-align: none; mso-pagination: none"&gt;&lt;font face="Arial, Helvetica" size="2"&gt;&lt;strong&gt;Washington, D.C., June 26, 2009&lt;/strong&gt; - The World Bank’s Board of Directors approved a program which will help reduce greenhouse gases and promote clean energy use in Benin.&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-layout-grid-align: none; mso-pagination: none"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-layout-grid-align: none; mso-pagination: none"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt;The program, supported by a US $1.82 million Global Environment Facility (GEF) grant (about CFAF 900 million), seeks to improve energy services in urban areas for customers that already have access to electricity in Benin in the following ways:&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-layout-grid-align: none; mso-pagination: none"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 38.25pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify; mso-layout-grid-align: none; mso-pagination: none; mso-list: l0 level1 lfo1"&gt;&lt;span style="FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol"&gt;&lt;span style="mso-list: Ignore"&gt;&lt;font size="2"&gt;·&lt;/font&gt;&lt;span style="FONT: 7pt 'Times New Roman'"&gt;        &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt;disseminating 350,000 compact fluorescent light bulbs (CFLs) in the market in order to   reduce peak demand and energy consumption;&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 38.25pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify; mso-layout-grid-align: none; mso-pagination: none; mso-list: l0 level1 lfo1"&gt;&lt;span style="FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol"&gt;&lt;span style="mso-list: Ignore"&gt;&lt;font size="2"&gt;·&lt;/font&gt;&lt;span style="FONT: 7pt 'Times New Roman'"&gt;        &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt;introducing a regulatory and labeling system for compact fluorescent light bulbs (CFLs) and individual air conditioning units, so consumers have access to efficient and high-quality products&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 38.25pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify; mso-layout-grid-align: none; mso-pagination: none; mso-list: l0 level1 lfo1"&gt;&lt;span style="FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol"&gt;&lt;span style="mso-list: Ignore"&gt;&lt;font size="2"&gt;·&lt;/font&gt;&lt;span style="FONT: 7pt 'Times New Roman'"&gt;        &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt;promoting energy efficiency through capacity building, information, and awareness building.&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 38.25pt; TEXT-ALIGN: justify; mso-layout-grid-align: none; mso-pagination: none"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-layout-grid-align: none; mso-pagination: none"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt;The new approved project is part of the Increased Access to Modern Energy Project (DAEM) totaling US$70 that will be submitted shortly to the Board of Directors, which aims to update Benin’s electricity infrastructure.&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-layout-grid-align: none; mso-pagination: none"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-layout-grid-align: none; mso-pagination: none"&gt;&lt;font size="2"&gt;&lt;span style="COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;“&lt;i style="mso-bidi-font-style: normal"&gt;Under this innovative program, GEF funds will play a catalytic role in expanding modern energy services in Benin&lt;/i&gt;," said Monique Barbut, CEO and Chairperson of the Global Environment Facility.&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; "&lt;i style="mso-bidi-font-style: normal"&gt;Consumers will now have a strong incentive to make smart and efficient choices that will save money while generating important global environmental benefits such as lowering greenhouse gases and conserving energy&lt;/i&gt;,"&lt;/span&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;    &lt;/span&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-layout-grid-align: none; mso-pagination: none"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;span style="COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt;The GEF unites 178 countries in partnership with international institutions, non-governmental organizations (NGOs), and the private sector to address global environmental issues while supporting national sustainable development initiatives. Today the GEF is the largest funder of projects to improve the global environment.&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; The GEF provides grants for projects related to biodiversity, climate change, international waters, land degradation, the ozone layer, and persistent organic pollutants.&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; Since 1991, GEF has achieved a strong track record with developing countries and countries with economies in transition, providing $8.3 billion in grants and leveraging $33.7 billion in co-financing for over 2,200 projects in over 165 countries.&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;span style="COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;span style="COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt;The World Bank is one of GEF’s implementing agencies, and supports countries in preparing GEF co-financed projects and supervises their implementation. It plays the primary role in the development and management of investment projects. The World Bank draws upon its operational experience in eligible countries to promote investment opportunities and mobilize private sector, bilateral, multilateral, government, and non-government sector resources for interventions that are consistent with GEF objectives and national sustainable strategies.&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="webdate" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 110%; TEXT-ALIGN: center" align="center"&gt;&lt;span style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; FONT-FAMILY: 'Arial','sans-serif'"&gt;#########&lt;/span&gt;&lt;/p&gt;&lt;p class="webdate" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 110%; TEXT-ALIGN: center" align="center"&gt; &lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt;For more information on World Bank activities in Benin, visit:&lt;/font&gt;&lt;/span&gt;&lt;/i&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="http://www.worldbank.org/benin"&gt;&lt;font size="2"&gt;http://www.worldbank.org/benin&lt;/font&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt; &lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt;For more information on World Bank activities in Sub-Saharan Africa, visit:&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;u&gt;&lt;span lang="FR" style="COLOR: #000099; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;a href="http://www.worldbank.org/africa"&gt;&lt;font size="2"&gt;http://www.worldbank.org/africa&lt;/font&gt;&lt;/a&gt;&lt;/span&gt;&lt;/u&gt;&lt;/p&gt;&lt;p class="Normal1" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 110%"&gt;&lt;/p&gt;</description>
      <pubDate>Fri, 26 Jun 2009 16:04:53 GMT</pubDate>
      <guid>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22228139~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</guid>
      <dc:date>2009-06-26T16:04:53Z</dc:date>
    </item>
    <item>
      <title>World Bank Board Approves US$ 151 Million to Extend Affordable Communications Services to Malawi, Mozambique and Tanzania</title>
      <link>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22228055~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</link>
      <description>&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Contacts:&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;br /&gt;&lt;i style="mso-bidi-font-style: normal"&gt;In Washington:&lt;/i&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Alexandra Klopfer&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;(1 202) 473 4645&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="mailto:aklopfer@worldbank.org"&gt;aklopfer@worldbank.org&lt;/a&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;In Maputo:&lt;/span&gt;&lt;/i&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Rafael Saute&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;(258-21) 21482324&lt;span style="mso-spacerun: yes"&gt;   &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="mailto:rsaute@worldbank.org"&gt;rsaute@worldbank.org&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;In Lilongwe:&lt;/span&gt;&lt;/i&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Zeria Banda&lt;br /&gt;(265-1) 770611&lt;span style="mso-spacerun: yes"&gt;  &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="mailto:zbanda@worldbank.org"&gt;zbanda@worldbank.org&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;In Dar es Salaam:&lt;/span&gt;&lt;/i&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Nicodemus Marcus&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;(255-22) 2163246&lt;span style="mso-spacerun: yes"&gt;   &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="mailto:nmarcus@worldbank.org"&gt;nmarcus@worldbank.org&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; TEXT-ALIGN: justify; mso-layout-grid-align: none"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-style: italic"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Washington, DC, June 25, 2009 -&lt;/span&gt;&lt;/b&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;The World Bank’s Board of Executive Directors today approved an International Development Association (IDA) credit&lt;a id="_ftnref1" title="_ftnref1" style="mso-footnote-id: ftn1" href="#_ftn1" name="_ftnref1" class="bookmark"&gt;&lt;span class="MsoFootnoteReference"&gt;&lt;span style="mso-special-character: footnote"&gt;&lt;span class="MsoFootnoteReference"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA"&gt;[1]&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/a&gt; of US$151 million to extend access to affordable communications services to Malawi, Mozambique and Tanzania.&lt;span style="COLOR: black; mso-bidi-font-style: italic"&gt; This is the third phase of&lt;/span&gt; the Regional Communications Infrastructure Program (RCIP) – &lt;span style="COLOR: black; mso-bidi-font-style: italic"&gt;a US$424 million regional program that will increase the availability of reliable communications services for citizens, businesses and governments in Eastern and Southern Africa. Under RCIP 3,&lt;/span&gt; Malawi, Mozambique and Tanzania will receive US$20 million, US$31 million and US$100 million respectively.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Despite considerable developments in the information and communication technology (ICT) sector in Africa over the last ten years, the region&lt;span style="COLOR: black"&gt; still has the world’s lowest telephone and Internet user penetration and highest costs.&lt;b style="mso-bidi-font-weight: normal"&gt; &lt;/b&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;“&lt;i style="mso-bidi-font-style: normal"&gt;Economic development in Eastern and Southern Africa is held back by prohibitive ICT costs and limited communications infrastructure,&lt;/i&gt;” said &lt;b style="mso-bidi-font-weight: normal"&gt;Rick Scobey, World Bank Acting Director for Regional Integration in Sub-Saharan Africa.&lt;/b&gt; “&lt;i style="mso-bidi-font-style: normal"&gt;RCIP is helping the region to leverage the exciting developments in the sector and overcome the challenges through a combination of sound policy and regulatory frameworks, competitive market structures, and catalytic investments into public-private partnerships to accelerate roll-out of infrastructure networks.&lt;/i&gt;”&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;“&lt;i style="mso-bidi-font-style: normal"&gt;Ultimately, RCIP will make affordable Internet and voice communications services more widely available, and in turn create new opportunities for employment, regional trade, social participation, and government efficiency.&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; The recently launched submarine cable projects, together with such national backbone networks are already driving down substantially the costs of broadband connectivity in Africa&lt;/i&gt;,” said &lt;b style="mso-bidi-font-weight: normal"&gt;Mohsen Khalil, World Bank Group Director for Global Information and Communication Technologies&lt;/b&gt;.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;"&lt;i style="mso-bidi-font-style: normal"&gt;This project is a very exciting development for Malawi. The country has had a lot of success in the development of basic voice services, but our international call costs and broadband internet are currently very expensive compared to the rest of the world, and beyond the reach of most people. This project will link Malawi to the world by fiber-optic cable, and reduce the cost of international connectivity - which will in turn reduce the cost of international telephony and broadband internet service,&lt;/i&gt;" said &lt;b style="mso-bidi-font-weight: normal"&gt;Timothy Gilbo, World Bank Country Manager for Malawi.&lt;/b&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;In Mozambique, the project leverages the sector liberalization reforms implemented by the government and will further contribute to the competitiveness of the sector to improve affordability, access, and use of networks. It will support the licensing of new operators, the establishment of rural access points throughout the country, and purchase capacity for universities and government institutions. The project will also set the basis for the development of eGovernment applications that will enable the provision of public services to citizens through electronic platforms.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-style: italic"&gt;“&lt;i&gt;We are already seeing exciting developments in Malawi, which is working to become connected to the fiber optic cable which runs along the East African coast, and in Mozambique, where we have seen an explosion in mobile phone availability across the country,&lt;/i&gt;” said &lt;b style="mso-bidi-font-weight: normal"&gt;Peter Nicholas, World Bank Acting Country Director for Angola, Malawi, Mozambique, Zambia and Zimbabwe.&lt;/b&gt;&lt;/span&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;span style="mso-bidi-font-style: italic"&gt;“&lt;i&gt;RCIP will leverage these developments and help Malawi, Mozambique and other countries in the region to catch up with the rest of the world in terms of telecommunications infrastructure and services.&lt;/i&gt;”&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-style: italic"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;In Tanzania, the project will strengthen the policy and regulatory environment and promote sector reform in order to maximize the benefits of access to international bandwidth.&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; Some components will specifically target priority groups such as the private sector by enabling a national business portal for all business registration information and a telemedicine system for &lt;i style="mso-bidi-font-style: normal"&gt;Muhimbili&lt;/i&gt; National Hospital. In addition, the project will scale up the national vital registration system, enhance accessibility of land records through websites and mobile phone text messages, and develop an eProcurement pilot for the Medical Stores Department.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;“&lt;i style="mso-bidi-font-style: normal"&gt;In Tanzania, RCIP will support the implementation of the Government's National ICT Infrastructure Development Program, which aspires to provide ICT connectivity to Tanzanians at all levels&lt;/i&gt;,” said &lt;b style="mso-bidi-font-weight: normal"&gt;John Murray McIntire, World Bank Country Director for Tanzania, Uganda, and Burundi&lt;/b&gt;. “&lt;i style="mso-bidi-font-style: normal"&gt;In particular, RCIP Tanzania will support last mile initiatives for rural access, the Government Communications Network (GovNet), eGovernment, and capacity building.&lt;/i&gt;”&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;RCIP 3 is a further milestone in the World Bank Group’s commitment to the goals of the Connect Africa Summit, which was held in November 2007 in Rwanda. As a result of the Summit, the World Bank Group and the African Development Bank have partnered to help Africa achieve the Summit goals by mobilizing funds to invest in infrastructure and applications, advising on the policy and regulation of the ICT sector across the continent, and helping with the design and implementation of national e-strategies.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;The first phase of RCIP was approved by the Board of the World Bank in March 2007, providing assistance to Burundi, Kenya, and Madagascar, with a combined IDA volume of around US$164.5 million. The second phase, a US$24 million IDA grant for Rwanda, was approved in September 2008. RCIP complements regional undersea cable initiatives such as the Eastern Africa Submarine Cable System (EASSy) developed by telecommunications operators with support from IFC and other development partners.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;______________________________________________________________________________&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-style: italic"&gt;For more information on the World Bank’s work in sub-Saharan Africa visit&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="http://www.worldbank.org/afr"&gt;&lt;span style="mso-bidi-font-style: italic"&gt;www.worldbank.org/afr&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-style: italic"&gt; &lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-style: italic"&gt;For more information on RCIP and related operations visit &lt;span class="msoIns"&gt;&lt;ins cite="mailto:Peter%20Silarszky" datetime="2009-06-19T01:54"&gt;&lt;a href="http://www.worldbank.org/rcip"&gt;www.worldbank.org/rcip&lt;/a&gt;&lt;/ins&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;div style="mso-element: footnote-list"&gt;&lt;br clear="all" /&gt;&lt;hr align="left" width="33%" size="1" /&gt;&lt;div id="ftn1" style="mso-element: footnote"&gt;&lt;p class="ModelNrmlDouble" style="MARGIN: 0in 0in 0.25in; TEXT-INDENT: 0in; LINE-HEIGHT: normal"&gt;&lt;a id="_ftn1" title="_ftn1" style="mso-footnote-id: ftn1" href="#_ftnref1" name="_ftn1" class="bookmark"&gt;&lt;span class="MsoFootnoteReference"&gt;&lt;span style="mso-special-character: footnote"&gt;&lt;span class="MsoFootnoteReference"&gt;&lt;span style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA; mso-bidi-font-size: 10.0pt"&gt;[1]&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/a&gt; &lt;span style="FONT-SIZE: 9pt"&gt;The credit is provided on standard International Development Association (IDA) terms, with a commitment fee of 0.5 percent, a service charge of 0.75 percent over a 40 year period of maturity which includes a 10-year grace period.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoFootnoteText" style="MARGIN: 0in 0in 0pt"&gt; &lt;/p&gt;&lt;/div&gt;&lt;/div&gt;</description>
      <pubDate>Fri, 26 Jun 2009 15:42:35 GMT</pubDate>
      <guid>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22228055~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</guid>
      <dc:date>2009-06-26T15:42:35Z</dc:date>
    </item>
    <item>
      <title>Improving Access to Modern Energy in Benin</title>
      <link>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22222860~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</link>
      <description>&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="LAYOUT-GRID-MODE: line; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;&lt;font size="2"&gt;Contacts:&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="LAYOUT-GRID-MODE: line; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;&lt;font size="2"&gt;In Washington: Rachel McColgan-Arnold (202) 458 5299&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="LAYOUT-GRID-MODE: line; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;&lt;font size="2"&gt;rmccolgan@worldbank.org&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="LAYOUT-GRID-MODE: line; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;&lt;font size="2"&gt;In Benin: Sylvie Nenonene (229) 21 30 58 57&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="LAYOUT-GRID-MODE: line; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold"&gt;&lt;font size="2"&gt;snenonene@worldbank.org&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'; mso-no-proof: yes"&gt;&lt;font size="2"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none"&gt;&lt;font size="2"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'; mso-no-proof: yes"&gt;WASHINGTON, D.C. – June 24, 2009.&lt;span style="mso-spacerun: yes"&gt;  &lt;/span&gt;&lt;/span&gt;&lt;/b&gt; &lt;span style="FONT-FAMILY: 'Arial','sans-serif'; mso-no-proof: yes"&gt;The World Bank’s Board of Directors yesterday approved an &lt;b style="mso-bidi-font-weight: normal"&gt;Increased Access to Modern Energy Project (DAEM)&lt;/b&gt; for the Republic of Benin. Supported by an IDA grant&lt;/span&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt; of US$ 70 million (about CFAF 35 billion) and a Global Environment Facility (GEF) grant totaling US$ 1.82 million (approximately CFAF 900 million), this project primarily seeks to increase the reliability and effectiveness of access to modern energy services in Benin. &lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt;Under the auspices of the Ministry of Energy and Water, the DAEM project will be executed by the following bodies: (i) the Electric Community of Benin (CEB); (ii) the Benin Electric Energy Company (SBEE); (iii) the General Energy Directorate; and (iv) the Benin Agency for Rural Electrification and Energy Management (ABERME).&lt;/span&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt;The new project has three main components, which are aimed at upgrading the functionality of the existing electricity system and increasing access by urban and rural inhabitants to modern energy services.&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 20pt; TEXT-INDENT: -20pt; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none; tab-stops: list 20.0pt; mso-list: l0 level1 lfo2"&gt;&lt;span style="FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol"&gt;&lt;span style="mso-list: Ignore"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;span style="FONT: 7pt 'Times New Roman'"&gt;         &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;font size="2"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;Upgrading of the electric grid (US$ 98.32 million, including US$ 43.32 million in IDA funds). This component will finance the following:&lt;/span&gt;&lt;/i&gt;&lt;/b&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt; &lt;/span&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 45pt; TEXT-INDENT: -25pt; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none; tab-stops: list 45.0pt; mso-list: l1 level1 lfo1"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;&lt;font size="2"&gt;(i)&lt;/font&gt;&lt;span style="FONT: 7pt 'Times New Roman'"&gt;       &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt;The building of a &lt;span style="COLOR: black"&gt;161 kV interconnection between Onigbolo and Parakou (IDA, EIB, and CEB funding) ;&lt;span style="mso-spacerun: yes"&gt;  &lt;/span&gt;&lt;/span&gt;&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 45pt; TEXT-INDENT: -25pt; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none; tab-stops: list 45.0pt; mso-list: l1 level1 lfo1"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;&lt;font size="2"&gt;(ii)&lt;/font&gt;&lt;span style="FONT: 7pt 'Times New Roman'"&gt;      &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;font size="2"&gt;&lt;span style="COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;The building of a&lt;/span&gt; &lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;161 kV interconnection between Sakété and Porto-Novo (KfW and CEB funding) ;&lt;/span&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 45pt; TEXT-INDENT: -25pt; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none; tab-stops: list 45.0pt; mso-list: l1 level1 lfo1"&gt;&lt;span style="LAYOUT-GRID-MODE: line; FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-weight: bold; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;&lt;font size="2"&gt;(iii)&lt;/font&gt;&lt;span style="FONT: 7pt 'Times New Roman'"&gt;     &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt;&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt;The rehabilitation and upgrading of the SBEE network (IDA financing), to reinforce the SBEE distribution network in the major cities of Benin (Cotonou, Porto-Novo, Ouidah, Lokossa, and Natitingou); and&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 45pt; TEXT-INDENT: -25pt; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none; tab-stops: list 45.0pt; mso-list: l1 level1 lfo1"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;&lt;font size="2"&gt;(iv)&lt;/font&gt;&lt;span style="FONT: 7pt 'Times New Roman'"&gt;    &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt;Increasing the effectiveness of energy services (GEF financing) in urban areas for consumers who already have access to electricity, by introducing energy efficiency standards for large household appliances;&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 20pt; TEXT-INDENT: -20pt; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none; tab-stops: list 20.0pt; mso-list: l1 level2 lfo1"&gt;&lt;span style="FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol"&gt;&lt;span style="mso-list: Ignore"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;span style="FONT: 7pt 'Times New Roman'"&gt;         &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;font size="2"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;Electrification and modern energy services (US$ 65.50 million, including US$ 12 million from IDA)&lt;/span&gt;&lt;/i&gt;&lt;/b&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;. This second component of the project aims to expand the provision of modern energy services in rural areas. The specific actions to be taken under this component are as follows:&lt;/span&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 35pt; TEXT-INDENT: -17pt; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none; tab-stops: list 35.0pt; mso-list: l2 level1 lfo3"&gt;&lt;span style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"&gt;&lt;span style="mso-list: Ignore"&gt;(i)&lt;span style="FONT: 7pt 'Times New Roman'"&gt;    &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt;Operationalizing the Rural Electrification Fund under the auspices of ABERME (financed by the Government of Benin and IDA), as a basis for developing a sustainable institutional framework to support electrification through rural concessions and local initiatives; and&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 35pt; TEXT-INDENT: -17pt; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none; tab-stops: list 35.0pt; mso-list: l2 level1 lfo3"&gt;&lt;span style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"&gt;&lt;span style="mso-list: Ignore"&gt;(ii)&lt;span style="FONT: 7pt 'Times New Roman'"&gt;  &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt;Modernizing biomass energy services (financed by IDA and FFEM). This sub-component will fund: (a) the promotion of sustainable community systems for fuel wood supply; (b) increasing the effectiveness of biomass and other renewable energy sources and fuel substitution; and (c) support for development of the local economy in the Ouémé-Moyen region, which covers at least 80% of the demand for charcoal in the major cities of Benin;&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 20pt; TEXT-INDENT: -20pt; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none; tab-stops: list 20.0pt; mso-list: l2 level2 lfo3"&gt;&lt;span style="FONT-SIZE: 11pt; FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-size: 10.0pt"&gt;&lt;span style="mso-list: Ignore"&gt;-&lt;span style="FONT: 7pt 'Times New Roman'"&gt;         &lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;font size="2"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;i style="mso-bidi-font-style: normal"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;Sustainable energy services (US$ 6.68 million financed by IDA)&lt;/span&gt;&lt;/i&gt;&lt;/b&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;. The objective of this last component of the project is to provide more sustainable services to consumers by focusing on: (i) improving the financial autonomy and performance of key sector institutions; and (ii) enhancing the capacity to better plan and regulate Benin’s energy sector. This component covers the following points: updating the Energy Sector Master Plan; strengthening the regulatory capacity of the General Energy Directorate; developing the SBEE business plan; elaborating the CEB business plan; and enhancing environmental and social monitoring of the energy sector in Benin.&lt;/span&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt;The &lt;span style="mso-no-proof: yes"&gt;Increased Access to Modern Energy Project (DAEM)&lt;b style="mso-bidi-font-weight: normal"&gt; &lt;/b&gt;is funded by the Government of Benin and several donors:&lt;/span&gt; Kreditanstalt für Wiederaufbau (KfW), the European Development Bank (EDB), the Global Environment Facility (GEF), the Energy Sector Management Assistance Program (ESMAP), and the French Global Environment Fund (FFEM). The overall budget of the project is US$ 178.5 million (slightly more than CFAF 89 billion).&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt;Following the approval of the DAEM project by the Board of Directors, the World Bank’s Resident Representative in Benin, &lt;strong&gt;Joseph Baah-Dwomoh&lt;/strong&gt;, said that “&lt;i style="mso-bidi-font-style: normal"&gt;the project just approved is part of our Country Assistance Strategy for Benin and will support the implementation of the national Growth and Poverty Reduction Strategy (GPRS). In our view, the main challenge is to improve the energy supply network, the effectiveness and financial viability of the energy sector, and access to modern services for a greater proportion of the population. We appreciate the efforts of the Government of Benin, which is also providing substantial financial support to this project and has taken decisive steps to improve governance in the sector and restore its financial viability. The Government’s approach is a pragmatic one, and we trust that it will solve the existing problems by focusing on managing the sector more transparently. The World Bank stands ready to provide assistance in this effort&lt;/i&gt;.”&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt;For more information on the World Bank’s activities in Benin, please visit:&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;a href="http://www.worldbank.org/benin"&gt;&lt;font size="2"&gt;http://www.worldbank.org/benin&lt;/font&gt;&lt;/a&gt;&lt;font size="2"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font size="2"&gt;For more information on the World Bank’s activities in sub-Saharan Africa, please visit: &lt;u&gt;&lt;span style="COLOR: #000099"&gt;&lt;a href="http://www.worldbank.org/africa"&gt;http://www.worldbank.org/africa&lt;/a&gt;&lt;/span&gt;&lt;/u&gt;&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;/p&gt;&lt;p class="webdate" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt; &lt;/p&gt;&lt;p class="webdate" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;###&lt;/span&gt;&lt;/p&gt;</description>
      <pubDate>Wed, 24 Jun 2009 16:31:07 GMT</pubDate>
      <guid>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22222860~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</guid>
      <dc:date>2009-06-24T16:31:07Z</dc:date>
    </item>
    <item>
      <title>Tanzania - Accelerated Food Security Project : environmental assessment</title>
      <link>http://www-wds.worldbank.org/external/default/main?pagePK=64193027&amp;piPK=64187937&amp;theSitePK=523679&amp;menuPK=64187510&amp;searchMenuPK=64187511&amp;cid=3001&amp;entityID=000356161_20090630052028</link>
      <description>The objectives of the Accelerated Food Security Project for Tanzania are: (i) to enable farmers to have better access to and use of agricultural knowledge, technologies, marketing systems and infrastructure, all of which contribute to higher productivity and farm income, and (ii) to increase private sector investment in agriculture based on an improved regulatory and policy environment. The project negative impacts and there mitigation measures include: stem cleaning at least once a year, apply cooking oil or fat around borer holes to attract predatory ants, paint the stem and branches with a paste out substance like lime, apply recommended insecticides if necessary, conservation of indigenous natural enemies, early harvesting of tubers; as soon as weevil damage is observed on tuber tips, use of clean planting materials, use of resistant varieties where available, avoid disease plants as a source of planting materials, sorting and cleaning of the produce before storage, and spray with recommended fungicide.</description>
      <pubDate>Wed, 24 Jun 2009 04:00:00 GMT</pubDate>
      <guid>http://www-wds.worldbank.org/external/default/main?pagePK=64193027&amp;piPK=64187937&amp;theSitePK=523679&amp;menuPK=64187510&amp;searchMenuPK=64187511&amp;cid=3001&amp;entityID=000356161_20090630052028</guid>
      <dc:date>2009-06-24T04:00:00Z</dc:date>
    </item>
    <item>
      <title>Republic of Congo: World Bank Approves Additional financing of US$5 Million Grant to Build Capacity for the</title>
      <link>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22222243~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</link>
      <description>&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;font face="Arial, Helvetica"&gt;Contacts:&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;font face="Arial, Helvetica"&gt;Á Washington: Rachel Mccolgan- Arnold&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;font face="Arial, Helvetica"&gt;(202) 458-5299&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;a href="mailto:rmccolgan@worldbank.org"&gt;&lt;span style="mso-bidi-font-family: Arial"&gt;&lt;font face="Arial, Helvetica"&gt;rmccolgan@worldbank.org&lt;/font&gt;&lt;/span&gt;&lt;/a&gt;&lt;font face="Arial, Helvetica"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;font face="Arial, Helvetica"&gt;Á Brazzaville:: Clémentine Maoungou&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;font face="Arial, Helvetica"&gt;242-663-1970 – (242) 81 33 30/ 81 46 38&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;a href="mailto:cmaoungou@worldbank.org"&gt;&lt;span style="mso-bidi-font-family: Arial"&gt;&lt;font face="Arial, Helvetica"&gt;cmaoungou@worldbank.org&lt;/font&gt;&lt;/span&gt;&lt;/a&gt;&lt;font face="Arial, Helvetica"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;font face="Arial, Helvetica"&gt;&lt;b style="mso-bidi-font-weight: normal"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;WASHINGTON, June 23, 2009&lt;/span&gt;&lt;/b&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;– The World Bank’s Board of Directors today approved additional financing in the amount of US$5 million for the extension of the HIV/AIDS and Health Project (PLVSS II) for the Republic of Congo.&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt; The initial grant of US$19 million (SDR 12.8 million) allocated to the HIV/AIDS and Health Project (PLVSS) was approved on April 20, 2004 and is expected to close on June 30, 2009. With this new financing, the project’s closing date will be extended by three years.&lt;/span&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt;The development objectives of the original project were to (i) contain the spread of AIDS and sexually transmitted infections (STIs); (ii) mitigate the health and socioeconomic impact of AIDS and STIs on persons infected with or affected by HIV/AIDS and STIs; and (iii) build strong and sustainable national capacity to respond to the AIDS epidemic.&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt;The development objectives of the revised project remain unchanged, which entail &lt;i style="mso-bidi-font-style: normal"&gt;contributing to the recipient’s efforts in order to&lt;/i&gt; (i) contain the spread of AIDS and STIs; (ii) mitigate the health and socioeconomic impact of AIDS and STIs on persons infected with or affected by HIV/AIDS and STIs; and (iii) build strong and sustainable national capacity to respond to the AIDS epidemic.&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt;The Project has four components that remain unchanged:&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify; mso-list: l1 level1 lfo1; tab-stops: list 33.75pt"&gt;&lt;font face="Arial, Helvetica"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;-&lt;span style="FONT: 7pt 'Times New Roman'"&gt;&lt;font face="Arial, Helvetica" size="2"&gt;     &lt;/font&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Public sector response: the response from the Ministry of Health and other ministries;&lt;/span&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify; mso-list: l1 level1 lfo1; tab-stops: list 33.75pt"&gt;&lt;font face="Arial, Helvetica"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;-&lt;span style="FONT: 7pt 'Times New Roman'"&gt;&lt;font face="Arial, Helvetica" size="2"&gt;     &lt;/font&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Civil society response: community initiatives and support for a small number of private sector initiatives;&lt;/span&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify; mso-list: l1 level1 lfo1; tab-stops: list 33.75pt"&gt;&lt;font face="Arial, Helvetica"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;-&lt;span style="FONT: 7pt 'Times New Roman'"&gt;&lt;font face="Arial, Helvetica" size="2"&gt;     &lt;/font&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Investments in orphans and other vulnerable children; and&lt;/span&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify; mso-list: l1 level1 lfo1; tab-stops: list 33.75pt"&gt;&lt;font face="Arial, Helvetica"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;-&lt;span style="FONT: 7pt 'Times New Roman'"&gt;&lt;font face="Arial, Helvetica" size="2"&gt;     &lt;/font&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Management and coordination, capacity building, and monitoring and evaluation, including support with data collection at the national level.&lt;/span&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list 33.75pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt;Implementation of the project with the initial grant always received a satisfactory rating, and good progress with respect to several indicators was observed.&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list 33.75pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list 33.75pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt;This additional financing will assist the State to:&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list 33.75pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 33.75pt; TEXT-INDENT: -15.75pt; TEXT-ALIGN: justify; mso-list: l0 level1 lfo2; tab-stops: list 33.75pt"&gt;&lt;font face="Arial, Helvetica"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;(i)&lt;span style="FONT: 7pt 'Times New Roman'"&gt;&lt;font face="Arial, Helvetica" size="2"&gt;   &lt;/font&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Refocus the project on priority areas for action in order to address discoveries regarding factors associated with the epidemic;&lt;/span&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 33.75pt; TEXT-INDENT: -15.75pt; TEXT-ALIGN: justify; mso-list: l0 level1 lfo2; tab-stops: list 33.75pt"&gt;&lt;font face="Arial, Helvetica"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;(ii)&lt;span style="FONT: 7pt 'Times New Roman'"&gt;&lt;font face="Arial, Helvetica" size="2"&gt;  &lt;/font&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Upgrade the activities targeting high-risk and vulnerable groups (OVC, sex workers, widows, young people, indigenous peoples, sexual minorities, armed forces, and prisoners);&lt;/span&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 33.75pt; TEXT-INDENT: -15.75pt; TEXT-ALIGN: justify; mso-list: l0 level1 lfo2; tab-stops: list 33.75pt"&gt;&lt;font face="Arial, Helvetica"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;(iii)&lt;span style="FONT: 7pt 'Times New Roman'"&gt;&lt;font face="Arial, Helvetica" size="2"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Build sustainability capacity and draw lessons from the experience; and&lt;/span&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 33.75pt; TEXT-INDENT: -15.75pt; TEXT-ALIGN: justify; mso-list: l0 level1 lfo2; tab-stops: list 33.75pt"&gt;&lt;font face="Arial, Helvetica"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;(iv)&lt;span style="FONT: 7pt 'Times New Roman'"&gt;&lt;font face="Arial, Helvetica" size="2"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Scale up the level of additional financing by the Government and the donors, and apply the World Bank’s knowledge and experience.&lt;/span&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: justify; tab-stops: list 33.75pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list 33.75pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt;Specifically, this IDA financing will meet the following needs:&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list 33.75pt"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt;&lt;span style="mso-spacerun: yes"&gt; &lt;/span&gt;&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify; mso-list: l1 level1 lfo1; tab-stops: list 33.75pt"&gt;&lt;font face="Arial, Helvetica"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;-&lt;span style="FONT: 7pt 'Times New Roman'"&gt;&lt;font face="Arial, Helvetica" size="2"&gt;     &lt;/font&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Refocus the project on priority areas for action;&lt;/span&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify; mso-list: l1 level1 lfo1; tab-stops: list 33.75pt"&gt;&lt;font face="Arial, Helvetica"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;-&lt;span style="FONT: 7pt 'Times New Roman'"&gt;&lt;font face="Arial, Helvetica" size="2"&gt;     &lt;/font&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Increase the number of activities targeting high-risk and vulnerable groups; and&lt;/span&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify; mso-list: l1 level1 lfo1; tab-stops: list 33.75pt"&gt;&lt;font face="Arial, Helvetica"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"&gt;&lt;span style="mso-list: Ignore"&gt;-&lt;span style="FONT: 7pt 'Times New Roman'"&gt;&lt;font face="Arial, Helvetica" size="2"&gt;     &lt;/font&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;Build national sustainability capacity and retain the lessons drawn from the experience.&lt;/span&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;u&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: red; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;span style="TEXT-DECORATION: none"&gt;&lt;font face="Arial, Helvetica"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/span&gt;&lt;/u&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"&gt;&lt;span style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt;It bears noting that this additional financing will cover the same previously selected six &lt;i style="mso-bidi-font-style: normal"&gt;départements&lt;/i&gt; in the country, namely Pointe-Noire, Kouilou, Niari, Lékoumou, Brazzaville, and Sangha, in which 80 percent of the Congolese population lives.&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt;For more information on World Bank activities in Sub-Saharan Africa, visit&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;u&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: #606420; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;a href="http://www.worldbank.org/africa"&gt;&lt;span lang="EN-US" style="mso-ansi-language: EN-US; mso-bidi-font-family: Arial"&gt;&lt;font face="Arial, Helvetica"&gt;www.worldbank.org/africa&lt;/font&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/u&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;&lt;font face="Arial, Helvetica"&gt;For more information on World Bank activities in the Republic of Congo, visit&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;u&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: #204e84; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;a href="http://www.worldbank.org/congo"&gt;&lt;span style="mso-bidi-font-family: Arial"&gt;&lt;font face="Arial, Helvetica"&gt;www.worldbank.org/congo&lt;/font&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/u&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;font face="Arial, Helvetica"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;font face="Arial, Helvetica"&gt;&lt;span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'"&gt;For more information on this project, visit&lt;/span&gt; &lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;a href="http://web.worldbank.org/external/projects/main?pagePK=64283627&amp;amp;piPK=64624210&amp;amp;theSitePK=2748750&amp;amp;menuPK=2805043&amp;amp;Projectid=P095251"&gt;&lt;span lang="EN-US" style="COLOR: #606420; mso-ansi-language: EN-US; mso-bidi-font-family: Arial"&gt;the project database&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;font face="Arial, Helvetica"&gt; &lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"&gt;&lt;span lang="FR" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial','sans-serif'; mso-ansi-language: FR"&gt;&lt;font face="Arial, Helvetica"&gt;###&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;</description>
      <pubDate>Tue, 23 Jun 2009 21:25:52 GMT</pubDate>
      <guid>http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22222243~pagePK:64257043~piPK:437376~theSitePK:4607,00.html?cid=3001</guid>
      <dc:date>2009-06-23T21:25:52Z</dc:date>
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