Cabinet approves $100m World Bank loan

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Cabinet sat at State House on Monday and approved the proposal to borrow Special Drawing Rights (SDR) 71.6 Million (Equivalent to USD 99.8Million).

This additional financing will come from the International Development Association (IDA) of the World Bank Group to finance the Competitiveness and Enterprise Development Project (CEDP-AF).

The Project Development Objective is to support measures that facilitate increased Private Sector Investment in the Tourism Sector and strengthen the effectiveness of the Land Administration System.

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