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Good fortune lies in peace (photo)
12/13/2002



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The World Bank has granted Sri Lanka US$15 million to help rebuild its economy after 19 years of civil war. It is estimated that more than 60,000 people have been killed in the atrocities.

The 40-year, interest-free loan, with a 10-year grace period, was awarded after the government and the Sri Lakanís Tamil Tigers signed a peace treaty back in October.

In addition, US$35 million for support projects where the money is no longer needed will be made available to rebuild schools and clinics, restore water supplies, and help returning families with their housing needs.

The bank-supported North East Irrigated Agriculture Project is also encouraging the efforts by both sides to restore peace by offering US$27 million to help the communities re-establish their livelihoods.

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