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Article: Bank May Hold Lithuania Loan.(World Bank may hold back loan as energy sector restructuring is not completed)(Brief Article)
- Article from:
- The Oil Daily
- Article date:
- June 4, 2001
CopyrightCOPYRIGHT 2001 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Bank May Hold Lithuania Loan
The World Bank said Friday that it might postpone the second portion of its structural adjustment loan to Lithuania because the Baltic country had dragged its feet over the restructuring and eventual privatization of its energy sector.
Last year, the World Bank approved an 11-year, $100-million structural-adjustment loan for Lithuania to be disbursed in two parts. The first half was disbursed last summer with the second half to be disbursed in July. Funds from the loan are meant to support reform, budget management, pensions, private sector development, energy, and agriculture.
However, the restructuring of ...