ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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ADBs First Loan for Education

THE Asian Development Bank has approved a loan of US $ 3 million to the Republic of Singapore for the expansion of the Ntfee Ann Technical College, This is the Bank's first loan in the field of education. To ha drawn from the Bank's Special funds resources,the loan will carry an interest rate of 3 per cent per annum and will be repayable in 25 years including n 10-year grace period.

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