Standard IDA terms. The project will invest in mine rehabilitation as well as management restructuring and operational reform to reverse the decline in Mongolia's coal production. The credit will help finance a new fleet of dump trucks, spare parts and equipment, and construction of a new coal-handling plant. The project includes training and technical assistance for the Baganuur Joint Stock Company, the first pilot case of a large state-owned company being transformed into a shareholding company independent from the government. The loan supports government reforms designed to transfer the ownership, management, and financing of enterprise housing stock toward the private sector.
Housing is the largest of the social assets owned by Russian enterprises.
About 350,000 apartments in 3,500 buildings will be covered by the project. City governments will finance the associated rehabilitation of divested engineering networks. Standard IDA terms. The credit will help the Government of Vietnam's efforts to improve living conditions in rural areas by encouraging private sector investments and strengthening the banking system's ability to finance them, while increasing the rural poor's access to financial services. The project includes a line of credit for viable rural investment through the Bank for the Poor, created by the Government in August 1995, with the objective of providing long term investment resources to the poor at low cost and using sound principles of sustainability.