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Saturday, October 27, 2007

Colombia gets new World Bank loan

Colombia gets new World Bank loan
The Colombian Government says the World Bank and
the Inter-American Development Bank have agreed to
lend more than $4bn to the country over the next three years.
Speaking in Washington, Finance Minister Roberto Junguito said
the new loan packages would help Colombia carry out economic reforms
and fund the government's policies to improve education and housing.
The deal follows President George W Bush's backing of Colombia's efforts
to get financial support from multinational lenders to help the fight against
left-wing rebels and paramilitaries.

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