IBRD CREDIT: US$75 million
TERMS: Maturity =40 years; Grace = 10 years.
PROJECT DESCRIPTION: The objective of the additional financing to the Fourth Development Support Credit (DSC IV) is to meet the unanticipated gap in the government budget that is arising out of flood-related spending. It will also help absorb unforeseen pressure on the foreign exchange reserves that may occur as a result of emergency imports, particularly those related to food.
