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
On 22 of June this year, the board of the newly established company of AB Bank SNORAS - UAB “SNORO Media Investicijos” - made a decision to invest in the shares of UAB “Lietuvos rytas” and to acquire 34 per cent of the authorised capital of the company.
more »
The Banker's Exchange is joining forces with Chicago-based Intergam Logistics as part of a global expansion initiative into the ATM support market.
more »
Lisbon treaty and financial supervision dominate debate at EU summit.
more »
In the most sweeping financial reform proposal since the Great Depression, President Barack Obama unveiled plans to overhaul the U.S. financial regulatory system, saying the events that led to the U.S. financial crisis make the proposed changes necessary.
more »
Due to the rising concerns on a possible disruption of Russian gas supplies to Europe coming through Ukraine, the Commission has chaired a meeting of the Gas Coordination Group to assure a stronger EU coordination and to secure energy supplies to European citizens.
more »
Mexico signs an agreement with Google to help revive tourism at its historical sites, after the swine flu epidemic.
more »
The recession could hit working women harder than men, an EU study warns, underscoring persistent disparities between the sexes in the European labour market.
more »
The first 4 months of 2009 saw 25 percent more FBI background checks on prospective firearm buyers compared to the same period last year in US.
more »
AS “Latvijas Krājbanka”, managed by AB Bank SNORAS, was presented with the annual prize of Deutsche Bank AG, one of the largest European banks, for the excellent quality of the outgoing payments.
more »
Danske Bankas has made another increase in the interest rate for fixed-term deposits in litas for both private and corporate clients.
more »