WB approves loans to RI

Sat, 10 Apr 1999, 00:00 WIB | Source: AFP

WASHINGTON (AFP): The World Bank has approved almost US$130
million in loans and equivalent credits to two major education
projects in Indonesia, a Bank statement said Thursday.

Both the Sulawesi and Eastern Islands and Sumatra Basic
Education projects are aimed at "reinforcing the social safety
nets... (and) the recovery and decentralization of basic
education" in the economically hard-hit regions, the statement
said.

The projects involve block grants to 132,000 schools in poor
districts, four million scholarships, as well as monitoring
crisis effects and program impacts.

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