Albania received a loan of US$10 million (Aˆ7.5 million) from the World Bank to help improve the country's education, health and social services, the Finance Ministry said Wednesday
Published:
16 December 2004 y., Thursday
Albania received a loan of US$10 million (Aˆ7.5 million) from the World Bank to help improve the country's education, health and social services, the Finance Ministry said Wednesday.
The loan was the last in a series of three since Albania launched in 2001 its three-year National Strategy for Social and Economic Development, focused on much-needed structural reforms.
The third loan "will continue to support the NSSED by building on the progress made thus far and by further consolidating and strengthening the reform program," the World Bank said.
Albania must pay back the loan in 20 years, with a 10-year grace period.
Albania's 3.1 million people are among Europe's poorest, with an estimated 25 percent living below the poverty line, according to the U.N.'s Food and Agriculture Organization.
Nearly half of Albanians live on US$2 (Aˆ1.48) or less a day.
The World Bank has been one of the key funders of post-communist Albania with loans totaling approximately US$768 million (Aˆ572 million).
Šaltinis:
southeasteurope.org
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation.
more »
Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour).
more »
The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’
more »
The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower.
more »
The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday.
more »
MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU.
more »
Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'.
more »
China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market.
more »
Declaration by Michel Barnier on the start of three new authorities for supervision.
more »
On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan.
more »