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Project name: Development Credit Authority: Municipal Lending

Start date: FY 2006

End date: FY 2014

Project description:
A loan guarantee facility was established with UniCredit Bulbank, providing 50% U.S. Government-guaranteed loans to support and attract financing to municipalities for implementing critically needed infrastructure upgrades, and improving their ability to serve their communities.

Implementer: UniCredit Bulbank

Funding: $225,000