Subject: ADB
Approves First Ever Grant To East Timor Of $1 Million
Dow Jones Newswires March 23, 2000 ADB Approves First Ever Grant To East Timor Of $1 Million JAKARTA -- The Asian Development Bank said Thursday it had approved a $1 million technical assistance grant to East Timor to help support parliamentary, judicial and public sector institutions. It is the first grant from the Manila-based bank to East Timor, which isn't yet a member of the ADB. The bank has said it expects to approve several technical assistance grants totaling "around $5 million" to finance transport infrastructure development and community empowerment in the half-island territory. International donors last December pledged $520 million to East Timor, but the slow arrival of humanitarian aid has sparked criticism in the devastated territory. Of the $520 million, the ADB is set to administer a $140 million trust fund along with the World Bank. -By Simon Montlake; 62 21 3983 1277; smontlake@ap.org Back to March Menu Note: For those who would like to fax "the powers that be" - CallCenter V3.5.8, is a Native 32-bit Voice Telephony software application integrated with fax and data communications... and it's free of charge! Download from http://www.v3inc.com/ |