ADB APPROVES LOANS FOR AGRICULTURAL PROJECTS
The Asian Development Bank (ADB) said it
approved two loans totalling 75.7 mln dlrs for agricultural
projects in Bangladesh and Nepal.
    Both loans are repayable over 40 years, including a 10-year
grace, and carry a service charge of one pct a year.
    The bank approved 51.7 mln dlrs for an agricultural inputs
program for Bangladesh aimed at sustaining foodgrain
production. The loan will cover the foreign exchange component
of the project's total cost of 65 mln dlrs .
    The ADB also approved 24 mln dlrs for an agricultural
credit project in Nepal to increase foodgrain and dairy produce
output.
 REUTER
