> From: "Bharati & Sunder" <[EMAIL PROTECTED]> > Subject: Project News Updates > Date: Sat, 7 Jul 2001 08:57:30 +0530 > > > hi all, > more updates on development projets. > > regards, > sunder, c8, india > > > -------------------------------------------------------------------------= > ------- > > ASIAN DEVELOPMENT BANK > =20 > 2 July 2001 =20 > ADB's LIBOR-Based Loan Product Now Available, Lending Rates For = > Pool-Based Loans Announced MANILA, PHILIPPINES (2 July 2001) - The Asian = > Development Bank's new loan product - a LIBOR (London interbank offered = > rate) based loan that offers borrowers more flexibility in the choice of = > currency and interest rate basis - became available from 1 July. As = > announced earlier, the new product will offer borrowers - in the public = > and private sector - loans in euro, Japanese yen, or US dollars with a = > choice of floating or fixed lending rate consisting of six-month LIBOR = > or the fixed rate equivalent of LIBOR, plus a spread fixed over the life = > of the loan. The new terms apply only to loans from ADB's Ordinary = > Capital Resources (OCR). > =20 > Based on current LIBOR rates for US dollars of around 3.90 percent per = > annum, the new ADB product will offer significantly lower interest rates = > than its current lending rate for pool-based US dollar loans. ADB = > announced today that it will maintain the lending rate on its US dollar = > loan facility at 6.70 percent per annum for the period from 1 July to 31 = > December 2001. ADB will also reduce its rate on existing pool-based = > multi-currency loans from 5.50 percent to 5.21 percent per annum for the = > same period. > =20 > The interest rates on the ADB's multi-currency and US dollar loans are = > adjusted on 1 January and 1 July each year. For each facility, the = > lending rate is determined by adding a spread (currently 0.60 percent = > per annum) to the preceding six months' average cost of the respective = > pools of outstanding ADB borrowings established to fund such loans. > =20 > From July 1, ADB is no longer offering multicurrency loans. ADB will = > also withdraw its pool based US dollar loans from 1 July 2002. > =20 > THE WORLD BANK > =20 > The following projects have been approved by the World Bank's Board. > =20 > July 5, 2001 > ECUADOR POVERTY REDUCTION AND LOCAL RURAL DEVELOPMENT (PROLOCAL) PROJECT > LOAN AMOUNT: IBRD-US$25.2 million equivalent > TERMS: Grace period =3D 8 years; Maturity =3D 20 years=20 > PROJECT DESCRIPTION: The project will finance training in planning and = > project management for community leaders, non-governmental = > organizations, local juntas, grass-roots organizations and producers' = > associations. These groups will then develop community development = > projects which will receive initial financing from a fund, also financed = > by the PROLOCAL loan. The project will begin financing activities in two = > sub-regions of Ecuador and will gradually extend coverage to four other = > sub-regions. It will include small enterprises, environmental = > protection, small-scale farming, watershed and forest management, among = > others. For more information, contact Elena Serrano at (202) 473-6189 or = > e-mail [EMAIL PROTECTED] > =20 > July 3, 2001 > TANZANIA LOWER KIHANSI ENVIRONMENTAL MANAGEMENT TECHNICAL ASSISTANCE = > PROJECT > CREDIT AMOUNT: IDA-US$ 6.3 million equivalent > TERMS: Grace period =3D 10 years; Maturity =3D 40 years=20 > PROJECT DESCRIPTION: The project will assist in the long-term = > conservation of the Kihansi Gorge ecosystem and upstream catchment = > areas. It will also support the development of a coordinated and = > consistent legal and institutional framework for environmental and water = > resources management. The project is comprised of four components: = > habitat and species conservation and management; establishment of final = > water right; implementing an Updated Environmental Management Plan; and = > Institutional Strengthening. The project will also compliment ongoing = > conservation work, such as the captive breeding of the Kihansi Spray = > Toad, installing an artificial spray irrigation system and evaluating = > intermittent bypass flows. The project was developed in response to = > concerns raised by government, academics, and environmental NGOs which = > have been seeking more aggressive action in reducing the downstream = > threat of habitat loss as a result of the operation of the hydroelectric = > facility located in the Lower Kihansi Gorge. For more information, call = > Sharon Cox at (202) 473-2035, fax at 473-7917, or e-mail = > [EMAIL PROTECTED] > =20 > UGANDA FOURTH POWER PROJECT > CREDIT AMOUNT: IDA-US$ 62 million=20 > TERMS: Grace period =3D 10 years; Maturity =3D 40 years=20 > PROJECT DESCRIPTION: The project will improve power supply and = > strengthen the government's capacity to manage reform, privatization, = > and development in the power and the petroleum sub-sectors. The project = > consists of four components: power system expansion and rehabilitation; = > procurement of required equipment for the implementation of the = > environmental monitoring plan; power sector development and reform = > (including development of an energy end-use efficiency program, annual = > consumer satisfaction surveys, and sector studies and preparation of = > future projects); and petroleum sector development and reform. For more = > information, call Sharon Cox at (202) 473-2035, fax at 473-7917, or = > e-mail [EMAIL PROTECTED] > =20 > UGANDA SECOND PHASE OF THE ROAD DEVELOPMENT PROGRAM > CREDIT AMOUNT: IDA- US$ 64.52 million > TERMS: Grace period =3D 10 years; Maturity =3D 40 years=20 > PROJECT DESCRIPTION: The project will support the government's efforts = > in continued road sector planning and road safety management as well as = > improving road access to Uganda's rural and economically productive = > areas. These objectives will be achieved by upgrading and strengthening = > the two high priority national roads, improvement of safety at selected = > road accident black spots, road safety enforcement and management, and = > pilot studies of innovative technologies and non-conventional materials = > in construction of low-traffic volume roads. For more information, call = > Sharon Cox at (202) 473-2035, fax at 473-7917, or e-mail = > [EMAIL PROTECTED] > > --------------------------------------------------------------------- Mulai langganan: kirim e-mail ke [EMAIL PROTECTED] Stop langganan: kirim e-mail ke [EMAIL PROTECTED] Archive ada di http://www.mail-archive.com/[email protected]
