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World Bank lends over 5 years
Source: Xinhua |
November 17, 2011, Thursday
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Print Edition
Print Edition
THE World Bank will extend US$1.5 billion in loans to China annually over the next five years, Rachel Kyte, the bank's vice president of sustainable development, said yesterday in Beijing.
The loans will be used to support transport, environmental protection, natural resource management, rural poverty alleviation and renewable energy projects, Kyte said.
She said the bank will also provide policy suggestions and loans for China to help develop the country's cultural industry.
Since 1993, the bank has issued US$260 million in loans to the country to finance cultural heritage protection projects, Kyte said.
The bank has so far granted US$49.15 billion in loans to support 337 projects in China since 1981, with 73 projects currently under way.
The loans will be used to support transport, environmental protection, natural resource management, rural poverty alleviation and renewable energy projects, Kyte said.
She said the bank will also provide policy suggestions and loans for China to help develop the country's cultural industry.
Since 1993, the bank has issued US$260 million in loans to the country to finance cultural heritage protection projects, Kyte said.
The bank has so far granted US$49.15 billion in loans to support 337 projects in China since 1981, with 73 projects currently under way.
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