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Wednesday, May 23, 2007

World Bank approves $135,5 mln loan for Indonesian poverty alleviation

Jakarta (ANTARA News) - The World Bank's board has approved a special interest-free loan of 135.5 mln usd to expand the activities of the national urban poverty alleviation program, the World Bank said.

It said the funds would be added to the 340 mln usd set aside for a program that empowers urban communities to build their own infrastructure while improving capacity and creating employment.

The program aims to cover about 7,300 urban communities in all 33 provinces, the World Bank told XFN Asia.

Since it began in 1999, the program has been put to work in over 6,600 urban communities containing 7.4 mln beneficiaries.

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