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
The European Commission has approved an application from Spain for assistance under the European Globalisation adjustment Fund (EGF).
more »
Green issues continue to dominate the headlines, as MEPs from the Transport Committee vote Wednesday on possible new charges for lorries, based not only on CO2 emissions but other factors such as noise and air pollution and congestion.
more »
High level representatives from business, higher education and politics are meeting in Brussels on 5-6 February for the 2009 European University-Business Forum.
more »
Bailoutbooth.com is doling out $50 and $100 bills to anyone over 18 who can explain why they need it.
more »
China's big three airlines are predicting a bumpy ride for 2009. With the global economic slowdown, failing passenger demand and cost pressures, all three carriers are feeling the credit crunch's bite.
more »
The Czech EU Presidency aims to give a new impetus to European car industry, a key sector that has been seriously hit by the global economic crisis.
more »
Opening a new front in the fight against climate change, cities across Europe vow deeper emission cuts.
more »
Taking into account changes on international and domestic money markets AB DnB NORD Bankas, a member of international financial group, has changed individual and corporate customers time deposit rates.
more »
A European Commission report shows that structured dialogue between workers' and employers' representatives can help the EU face the economic crisis.
more »
Dennis Kozlowski, the ex-Tyco CEO who spent 6 thousand dollars in company money on a shower curtain, has plenty of company today in the corporate shame game.
more »