|Subject: LUSA: Asian Development Bank set
to invest in infrastructures
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.
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