THE World Bank announced on Wednesday it has granted Niger a $70-million public expenditure adjustment credit with a 40-year maturity date and 10-year grace period. The project will build upon the achievements of previous credits — the Public Finance Reform Credit and the Public Finance Recovery Credit — by continuing to support the governments budgetary management reform program and improvements in public expenditure allocation, the Bank said. It is also aimed at supporting ongoing implementation of key social sector reforms and structural reforms to improve the delivery of essential public services. The credit was approved by the World Bank board on Tuesday. – AFP
Wednesday November 21, 2001
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