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World Bank approves US $187 million loan

    NAIROBI

    The Executive Directors of the World Bank on 7 March approved a loan totalling US $187 million for the Transitional Support Strategy for Burundi for 2002/03, a World Bank official in Burundi told IRIN on Wednesday.

    The proposed lending programme will be split into two, with $102 million being for 2002. Of this amount, $54 million is to be used for economic rehabilitation, $12 million for the third phase of the national health and population project, and $36 million to support the HIV/AIDS and orphans project, the official explained.

    The sum put aside for 2003 is $85 million. Of this, $40 million is slated for the emergency road rehabilitation project, US $10 million for the third phase of Burundi's social action project (Bursap), $15 million for a multi-sector capacity building project and the remaining $20 million for a demobilisation and reintegration programme, he added.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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