The World Bank Board of Executive Directors approved a US$150 million loan on 23 November to support the introduction of a results-based accountability system to measure progress in social protection, mainly education and health, in order to expand human capital and improve the transparency and quality of public spending.<\/p>\n
“The World Bank’s support complements the Social Cabinet’s actions to guarantee, through the Solidaridad program, access to education, health and nutrition in more than 600,000 poor households,” said Vice President Rafael Alburquerque.<\/p>\n
“This financing will continue to support the country’s reform policies, such as the enhanced performance of the social sectors to promote the build-up of human capital among the poor, improved social spending management, greater transparency, and budget allocations based on good performance,” said Yvonne Tsikata, World Bank Director for the Caribbean.<\/p>\n
The new US$150 million loan will be disbursed in a single tranche. It has a fixed margin and a 22-year maturity period, including a 7-year grace period.<\/p>\n
http:\/\/web.worldbank.org\/WBSITE\/EXTERNAL\/NEWS\/0,,contentMDK:22773402~pagePK:…<\/p>\n","protected":false},"excerpt":{"rendered":"
The World Bank Board of Executive Directors approved a US$150 million loan on 23 November to support the introduction of a results-based accountability system to measure progress in social protection, mainly education and health, in order to expand human capital and improve the transparency and quality of public spending. “The World Bank’s support complements the … <\/p>\n