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December 4, 2002
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Wednesday
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Ramazan 28,1423
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First ADB loan for Kabul
MANILA, Dec 3: Afghanistan is set to get its first loan in 23 years from the Asian Development Bank (ADB), the Philippines-based lender said on Tuesday.
The ADB board is expected to approve the loan on Wednesday, a bank statement said.
The ADB suspended lending operations to Kabul in 1979 as that country descended into war and chaos.
The bank has since pledged to play a major role in the country’s rehabilitation.—AFP
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