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World Bank to give Moldova 10-million-dollar credit
Real estate news By Moldpress
Sep. 24, 2007
The World Bank (WB) will provide Moldova with a credit of up to ten million dollars to support the worst hit farmers by this year s drought, WB Regional Director for Ukraine, Belarus and Moldova Paul Birmingham today told a news conference. The World Bank official underscored that the credit will be given on preferential terms, with a 0-percent interest rate and a reimbursement period of 40 years.
Birmingham specified that in 2007, the World Bank offered a credit of 16 million dollars to restore roads in Moldova and another 17-million-dollar credit to improve health and social assistance services in Moldova. Participating in the news conference, Prime Minister Vasile Tarlev said that so far, the agriculture risk fund has been replenished by one million dollars remitted by the Azeri government, 50,000 dollars - by China's Red Cross, 75,000 dollars - by the Itera Grup international group of companies, as well as 850,000 lei - by the Moldova-Gaz Company.
At the same time, the premier highlighted that seeds worth 350,000 dollars on behalf of the U.S. government have already been distributed to farmers in need. The Czech government has given Moldova more than 400 tons of seeds, and Ukraine's government ruled to provide Moldova with diesel oil worth six million hryvnya (about 1.2 million dollars) to carry out agricultural works, Tarlev also said. The prime minister said that Moldova s farming sector incurred of 12 billion lei (one billion dollars) because of this year s abnormal drought.
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