The first US$150 million credit will support the government’s implementation of its 2006-2010 Social Economic Development Plan (SEDP) which include reforming business and financial sector, addressing education and health insurance cost issues as well as pension plans. Forest development and land-use planning and governance in public investment projects and state auditing are also on the SEDP’s reform agenda.

The remaining US$170 million will be sent to a project to upgrade transport infrastructure and services through two major waterway corridors in the country’s northern delta region.