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World Bank provides loan worth $21 million to the Palestinian government
Palestine, Economics, 6/11/1999
The World Bank granted the Palestinian Authority an easy loan of $21 million to finance a service project for potable water and sewage in the southern West Bank as well as for improving the effectiveness of water distribution networks in Bethlehem and El-Khalil cities in the southern West Bank.
Palestinian officials say the loan will be paid back in 40 years with an allowance period of 10 years with 0.5% interest. They added that work on the projects that will be financed by the loan are supposed to be completed in June, 2002.
Previous Stories:
U.S ambassador: Increasing Egyptian exports in cooperation with the Palestinian side
(6/9/1999)
Kuwait opens telephone line with Palestinian territories via Jordan
(6/4/1999)
Gaza to host fair for Egyptian products
(5/24/1999)
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