WB lends RI, Thailand

Fri, 28 Jun 1996, 00:00 WIB | Source: AFP

WASHINGTON (AFP): The World Bank announced yesterday loans for
projects in Thailand, Indonesia, Kazakhstan and Kirghizstan
totaling more than US$400 million.

The bank awarded $113.5 million in two loans aimed at
improving the Thai educational system. One credit of 81.9 million
will be for projects aimed at training secondary school teachers
and upgrading classrooms; a second of 31.6 million is aimed at
technical education.

In Indonesia, the bank awarded $86.9 million for upgrading the
highway system that has become increasingly congested. The bank
will provide 52 percent of the financing for the project.

A $180 million loan was granted to help upgrade the banking
system in Kazakhstan, including developing privatization plans
and a system of interbank payments.

View JSON | Print