WB approves loans to RI

WB approves loans to RI

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.