$210mn deal with WB for food storage system
Monday, 7 April 2014
The government on Monday signed a $210 million financing agreement with the International Development Association (IDA) of the World Bank to construct a modern food storage system capable of feeding 10 million people. ERD additional secretary Arastoo Khan and Christine Kimes of the World Bank signed the deal at the ERD on behalf of their respective sides. The credit from the IDA has a 40-year term, including a 10-year grace period, and carries a service charge of 0.75 per cent, according to a news agency.