Aid to poor countries: World bank decides to reduce preferential credits
Abstract
The Executive Board of the World Bark has decided to reduce by more than one-third, the preferential loans made to the most under-privileged countries - it was learned yesterday from sources close to the International Institution. The volume of these credits for the financial year ending 30 June was reduced to 2.6 billion dollars against the originally planned amount of 4.1. Billion - the sources added. These loans, which shall be interest-free and spread over 50 years, shall be distributed through the International Development Association (IDA).
Citation
“Founou, B.; United Nations. Economic Commission for Africa. African Institute for Economic Development and Planning(IDEP) (1982-01). Aid to poor countries: World bank decides to reduce preferential credits. Dakar. © UN. IDEP. https://hdl.handle.net/10855/42272”Collections
- Economic development [299]
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