The World Bank Board of Executive Directors approved today an IBRD loan in the amount of
The project development objective is to improve the efficiency and reliability of targeted municipal services and infrastructure. This will be achieved by investing in high-priority local infrastructure improvements, and by supporting local self-governments in enhancing their capacity and systems for service delivery.
"Addressing regional disparity, poverty and unemployment have been identified as key priorities for intervention by the Government of
The project consists of two components: i) infrastructure investment, and ii) institutional development. The first component will finance infrastructure investments for the rehabilitation and expansion of priority municipal services, and provision of public infrastructure to attract private sector investments in towns and villages. It will also finance technical preparation for sub-project investments, monitoring and evaluation and project management related activities. The second component, which is co-financed by an additional
"The project's primary beneficiaries are the residents of towns and villages, who currently experience poor quality services, thus contributing to improving regional equity," said Ahmed Eiweida, World Bank Program Leader for
The project is also expected to benefit small and micro enterprises and to attract new enterprises to beneficiary municipalities. As a result, the project would contribute to income generation and job creation, which lead to shared prosperity. As
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