ADB assists RI, Pakistan

Wed, 26 Oct 1994 | Source: REUTERS

MANILA (Reuter): The Asian Development Bank said yesterday it had approved a US$25.7 million soft loan to five Indonesian provinces for relending to small entrepreneurs.

The Manila-based bank said the loan would benefit as many as 300,000 families in West Java, Central Java, East Java, West Nusa Tenggara and South Kalimantan and would create 156,000 jobs.

The bank has also approved an $860,000 grant to Pakistan to help modernize its finance ministry.

The bank said the grant to the Economic Affairs and Statistics Division of the Ministry of Finance would help upgrade procedures and improve the "quality and management of information on foreign assistance."

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