World Bank Updates

1. Mauritius - Third Development Policy Loan Project
2. Ghana - Second Additional Financing for Small Town Water Supply and Sanitation Project
3. US$8 million Emergency Grant to Rehabilitate Power Supply in Central African Republic:

The World Bank yesterday approved a grant of US$8 million to support the Government of the Central African Republic to rehabilitate the country’s power infrastructure, balancing supply and demand in the capital Bangui, and helping the power utility to improve its financial and operational sustainability. During the recent energy crisis in June 2008, over half of the electricity supply was lost for several weeks, affecting Bangui’s water supply, which relies on electric power for pumping water around the city. Hospitals were also affected by the lack of power. The project will reduce the risk of such a crisis reoccurring in one of Africa’s poorest countries.

IAS: Trustees announce membership of reconstituted Standards Advisory Council

The Trustees of the International Accounting Standards Committee (IASC) Foundation, the body that oversees the International Accounting Standards Board (IASB), announced today appointments to the reconstituted Standards Advisory Council (SAC). Membership of the SAC is for the period ending on 31 December 2011.