Thursday, June 22, 2017

$400 million from World Bank for highways and education. 500 kilometers will be restored in all regions


Two agreements have been signed for World Bank financing of the Roads and Employment Project, and for Reaching All Children with Education 2 (RACE 2) program. The agreements were signed by the Ministry of Finance, the World Bank, and Council for Development and Reconstruction (CDR).

The first agreement has a value of $200 million. Around $150 million of the roads project will be provided through a loan, and the other through the Concessional Finance Facility (CFF).

The proposed W...

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