Vietnam: Local Development Investment Fund Project
WASHINGTON, July 2, 2009 - The World Bank’s Board of Executive Directors today approved the following project:
Vietnam: Local Development Investment Fund Project
IDA Credit: US$190 million
Terms: Maturity = 40 years; Grace period = 10 years
Project ID: P094055
Project Description: The development objective of the project is to improve effectiveness of Qualified Local Development Investment Funds in leveraging private sector financing for municipal infrastructure, in strengthening their financial and technical capability, and in managing social and environmental safeguards, through the operation of a credit facility to support investments in local development sub-projects.
Media Contact
Mohamad Al-Arief
(202) 458-5964
For program documents, please visit:
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