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NewsWhore
07-05-2007, 03:30 PM
The Korean government has approved a US$3.72 million loan for the Ministry of Education. Education Minster Alejandrina German made the announcement of the loan during her visit to Seoul where she met with Korean Education Minister Kim Shin-il. The funds will be used to development technology programs in the DR. The loan would be made through the Korean Export and Import Bank (Kenxim Bank). It will have a grace period of 8 years and the DR will have 30 years to pay the loan at an interest rate of less than 2%.

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