| Subject: LUSA: Asian Development Bank set
to invest in infrastructures
26-06-2002
East Timor: Asian Development Bank set to invest in infrastructures
The Asian Development Bank (ADB) aims to invest in East Timor by
building infrastructures in the areas of education and transport, says the
bank`s vice-president.
John Lintjer told Lusa Tuesday that the ADB wanted to build
infrastructures from scratch, but this could only happen when the
half-island nation becomes a member of the organization in a few weeks.
Lintjer was speaking in Paris at an international forum on Asia,
organized in conjunction with the Organization for Economic Cooperation
and Development and chaired by former Portuguese finance minister Jorge
Braga de Macedo.
The Manila-based ADB currently manages four projects in the new nation,
worth about USD 52 million and financed by the World Bank`s Trust Fund for
East Timor.
CJB/BM -Lusa-
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