The World Bank has approved a US $75-million loan for Rwanda to boost spending on social services, news agencies report. “We are doing this on the understanding that [the DRC] war is coming to an end,” senior World Bank economist Chukwuma Obidegwu said yesterday. The loan, dubbed an “economy recovery credit”, is to be deposited directly into the central bank. Obidegwu said the World Bank had the government’s word the credit would not be spent on the DRC conflict. According to Reuters, donor funds account for around 45 percent of Rwanda’s 1999 budget.
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