World bank has granted loans to Kazakhstan since 1993 for $1.8 bln

/IRBIS, Dec.22, 99/ - REUTERS informs, with the reference to the representative of the bank in Kazakhstan Kadyr Tanju Yurukoglu, World bank has granted loans to Kazakhstan for $1.819 bln since 1993, $315 of which granted in 1999. "Kazakhstan is not the biggest borrower of the World bank, but Kazakhstan is an active borrower", said Yurukoglu. The World bank is not the only lender of Kazakhstan, the country pays out for its debt to other lenders as well. $140 mln loan was approved by the World bank in the night from December 20 to 21, which was to be used for modernization of the electricity supply system, development of competitive market for energy and creation of an effective network company. The loan was given for 20 years with 5 year promotional period. Kazakhstan may also get World bank loans in the next year. The World bank works in several directions in Kazakhstan, including building a new road between Karagandy and Almaty, improving the health services, assistance in legal reforms, provision of modern water supply and sewage systems in some cities of Kazakhstan and improving the electricity distribution network.