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DUSHANBE, May 25, 2010 - The World Bank Board of Directors have approved a US$ 2 million grant as an Additional Financing for the Education Modernization Project in Tajikistan. The main goal of the Additional Financing is to further develop the country's student assessment system in order to ultimately improve the quality of learning and teaching. The Additional Financing will be complemented by the capacity building and technical assistance activities focused on learning assessment funded by the Russian Education Aid for Development (READ).

DUSHANBE, May 25, 2010 - The World Bank Board of Directors have approved a US$ 2 million grant as an Additional Financing for the Education Modernization Project in Tajikistan. The main goal of the Additional Financing is to further develop the country's student assessment system in order to ultimately improve the quality of learning and teaching. The Additional Financing will be complemented by the capacity building and technical assistance activities focused on learning assessment funded by the Russian Education Aid for Development (READ).

DUSHANBE, May 25, 2010 - The World Bank Board of Directors have approved a US$ 2 million grant as an Additional Financing for the Education Modernization Project in Tajikistan. The main goal of the Additional Financing is to further develop the country's student assessment system in order to ultimately improve the quality of learning and teaching. The Additional Financing will be complemented by the capacity building and technical assistance activities focused on learning assessment funded by the Russian Education Aid for Development (READ).

WASHINGTON - The World Bank Board of Directors have approved a US$ 1 billion Development Policy Loan (DPL) for the Republic of Kazakhstan to provide budgetary support to the country to help it implement its current economic program.

Executive Directors of the International Monetary Fund (IMF) has welcomed the recent improvement in Zimbabwe's macroeconomic performance and humanitarian conditions following a decade of economic decline and high inflation. To solidify these gains, as well as to reduce the significant external and financial vulnerabilities, it will be critical that the authorities undertake decisive policy measures.

Washington DC - The World Bank has approved its first ever development policy loan dedicated to climate change mitigation and adaptation in Indonesia. The US$ 200 million “Climate Change DPL” is designed to support the Indonesian government in its efforts to adopt a lower carbon, more climate-resilient growth path.

WASHINGTON - The World Bank's Board of Executive Directors have approved the Third Financial Sector Development Policy Loan for Egypt in the amount of US$ 500 million.

Countries in the Caucasus and Central Asia (CCA) are seeing initial signs of recovery after being hit hard by the financial crisis in 2009, according to the latest International Monetary Fund's (IMF) Regional Economic Outlook. The report forecasts the region's overall economic growth to increase to 4.3 percent in 2010 after a 3.5 percent rise in 2009.

WASHINGTON ― The World Bank has approved a US$ 78 million loan to the State of São Paulo, Brazil, in support of the Sustainable Rural Development and Access to Markets Project. The project will promote sustainable rural development and agricultural competitiveness in the State, increasing job opportunities and incomes for small farmers and their families and vulnerable rural populations. The new initiative will empower some 22,000 small farming families, including an estimated 1,500 indigenous and traditional community families.

Economic prospects for the countries of the Middle East and North Africa have improved with the resumption of capital inflows and rising crude oil prices. But stress in the banking and financial sectors along with slow credit activity are weighing on the rebound, the International Monetary Fund (IMF) said in its latest Regional Economic Outlook (REO). The REO for the Middle East and North Africa, Afghanistan, and Pakistan (MENAP) was presented at the Dubai International Financial Center.