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24. May 2002 |
World Bank approves 85 million dollar loan to Yugoslavia
The World Bank has approved an 85 million dollar credit to FR Yugoslavia, a World Bank statement says.
The credit will help Belgrade authorities implement the program of reforming the financial system and privatization of companies with debts, the statement says.
The loan’s maturity is 20 years with a 10-year grace period. The World Bank previously approved a 10 million dollar credit to the Serbian government for education reform projects.
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