Serbia and Montenegro: Irrigation and Drainage Rehabilitation Project

WASHINGTON, July 12, 2005- The following project was approved today by the World Bank’s Board of Executive Directors:

 

IDA CREDIT AMOUNT: $25 million
TERMS: Grace period = 10 years; Maturity = 20 years
PROJECT DESCRIPTION: The project aims at improving economic performance through increased agricultural productivity, increased incomes for rural population and reduced losses from flooding. Some 250,000 Serbian citizens will be better protected from floods, about 278,000 ha of land will benefit from drainage, and 4,000 ha will be developed under the minor irrigation program as a result of this project. For more information, please call Miriam Van Dyck at (202) 458-2931, or email: mvandyck@worldbank.org. For project information documents, visit: http://www.worldbank.org.yu/external/default/main?pagePK=64027221&piPK=64027220&theSitePK=300904&menuPK=300937&Projectid=P087964