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| Southeast Asia |
| World Bank offers India $9bn loan |
| 2005-08-21 |
| The World Bank plans to lend India $9bn (£5bn) over the next three years to help fund development projects such as road building and water improvement. World Bank president Paul Wolfowitz is visiting India and said that the money would help sustain the growth needed to lift 250 million people out of poverty. Although India is one of the world's fastest growing economies, millions of people live on less than $1 a day. The World Bank money will be aimed at rural areas that are the hardest hit... |
| Posted by:Anonymoose |