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11:35 | Oct 01 | 2014

The World Bank may refuse to finance the construction of kindergartens in Yakutia

 The World Bank has suspended its decision to allocate funds for the construction of kindergartens in Yakutia.

“In September, the Supervisory Board of the World Bank was to adjudicate on financing the project of construction of kindergartens in the Republic. But it did not happen”, - said Head of Yakutia Egor Borisov at a press conference.

According to him, in August, he met with representatives of the World Bank in Yakutsk.

“Back then I thought that it might be difficult, but the bank representatives swore blind that it was a social project and Western sanctions would not affect the interests of children”,- said E.Borisov.

E.Borisov also said that later the World Bank decided to suspend financing of projects in Russia.

“It is unknown whether that affected our project on kindergartens. We tried to find out but they told us to wait. If the World Bank turns down, we will raise money for the project from other sources. It will be complicated and difficult, but we will move in this direction. Of course, it is necessary to reduce the volume of construction, but we will save the project ", - said E.Borisov.

As previously reported, Yakutia expected to receive 117.7 million dollars from the International Bank for Reconstruction and Development (IBRD) for the construction of pre-school institutions.

Draft agreement on loan withdrawal was scheduled for consideration by the Board of Directors of the World Bank in September.

Interaction of the World Bank with Yakutia has been ongoing since 2008, when they started jointly working in the field of innovative development of pre-school education in the Republic. In 2010, the collaboration was enforced by the Memorandum of Strategic Partnership of Yakutia with the main credit institution of the World Bank - International Bank for Reconstruction and Development.

Source: “Interfax""