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Rural Development Project

Abstract*

The development objective of the first phase of the Rural Development Project is to lay the groundwork for increasing income levels and improving living standards of the rural population by promoting diversification and growth of economic activities in the rural areas. This would be done through: (a) strengthening policy formulation capacity for rural development strategies at national, regional, and local levels of government; (b) introducing participatory...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

TO ASSIST GOVERNMENT IN DEVELOPING RURAL DEVELOPMENT POLICY FORMULA-TION CAPACITY, STRENGTHENING A SUSTAINABLE RURAL FINANCE SYSTEM AND TOFOSTER ECONOMIC GROWTH AND GENERATE EMPLOYMENT IN RURAL AREAS.

Key Details

Project Details

  • P044804

  • Closed

  • Hoonae Kim

  • N/A

  • Latvia

  • August 14, 1996

  • (as of board presentation)

    July 30, 1998

  • December 8, 1998

  • US$ 10.50 million

  • B

  • Not Applicable

  • December 31, 2001

  • BANK APPROVED

  • January 15, 2013

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 10.50

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 10.50
IDA Commitment N/A
IBRD + IDA Commitment 10.50
Lending Instrument
Grant Amount N/A
Total Project Cost** 19.00

Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of June 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Jul 30, 1998 IBRD-43800 Loan Commitment 10,500,000.00
Nov 15, 2014 IBRD-43800 Int Charges 961.32
Nov 15, 2014 IBRD-43800 Loan Repay 156,732.40
May 15, 2014 IBRD-43800 Int Charges 1,219.25
May 15, 2014 IBRD-43800 Loan Repay 171,995.73
Nov 15, 2013 IBRD-43800 Int Charges 1,385.02
Nov 15, 2013 IBRD-43800 Loan Repay 38.14
Nov 15, 2013 IBRD-43800 Loan Repay 169,325.55
May 15, 2015 IBRD-43800 Int Charges 280.51
May 15, 2015 IBRD-43800 Loan Repay 143,054.22

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 08-19-2002PROJECT PERFORMANCE ASSESSMENT REPORT: 07-08-2004
Outcome RatingSatisfactory Satisfactory
Risk To Development OutcomeNot RatedNot Rated
Bank PerformanceSatisfactorySatisfactory
Borrower PerformanceSatisfactorySatisfactory
Government PerformanceNot RatedSatisfactory
Implementing AgencySatisfactoryNot Rated
Icr QualitySatisfactoryNot Rated
M&e QualityNot RatedNot Rated

Results Framework

No data available.