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|The World Bank helps the member countries in reducing their balance of payment deficits while maintaining or regaining their economic growth. Structural Adjustment Facility funds are utilized for the purpose of financing general imports. They are released in two parts and are based on stiffer conditions laid down by the bank for the projects which are running from five to seven years.
Enhanced structural adjustment facility:
The bank provides new concessional resources totaling special drawing rights amounting to $6 billions which are to be financed by special loans and contributions from the developed and OPEC countries . The loan is given to member countries to reduce its balance of payments deficits and encourage growth.
The Bank makes medium and long term loans running up to the completion of the project. They have a grace period of five years and repayable over 20 years or less.
The bank’s lending operations were concentrated heavily upon capita Patriots Isaiah Wynn Jersey , infrastructural projects such as power generation and distribution, railway and roads, ports and telecommunications, major irrigation works etc.,
Effective 1970 Women's Jordan Matthews Jersey , the bank finances for the changes in the educational system in developing countries towards establishing the institutions for financing of individual investments and provision of technical assistance in the selection and appraisal of invidividual projects and to help in the preparation of agricultural projects. Its present development strategy lays more emphasis on investments that can directly affect the welfare of the poor people of the developing countries by increasing their productiveness and standard of living. It has been financing the projects for rural development, education, family planning, nutrition, low cost housing Women's Jeremy Hill Jersey , water and sewerage.
Special action programmes:
This lending programme helps in assisting the member countries in adjusting to the current economic environment and it has four elements as detailed below:
a) An expansion in lending for high priority operations that support structural adjustments, policy changes, production for export, fuller use of existing capacity and the maintenance of crucial infrastructure;
b) Accelerating investments under the existing and new investment commitments ensuring timely implementation of high priority projects;
c) Expanding advisory services on the design and implementation of appropriate policies and
d) Enlisting familiar efforts by other donors for fast disbursing assistance in support programmes of the bank and the International Monetary Fund.
Conditions for lending activities:
The following are the conditions laid down by the bank for the borrowers:
a) Unflinching commitments towards economic stability so as to reduce inflation and deficits;
b) An efficient regulatory mechanism ensuring transparent policies and de-political environment;
c) Adequate risk management;
d) Provision for long term financing
e) Increase in the share of private sector in the country’s gross domestic project.
The bank also indulges in training, technical assistance Women's Cyrus Jones Jersey , inter organizational cooperation, economic research and studies, operations evaluation and settlement of investment dispute of its members. The bank is laying greater emphasis on developing the main resources such as education, population, health Women's Jordan Richards Jersey , nutrition and environment and it also helps the private sector in areas namely; finance, power, telecommunications, information technology, oil and gas Women's Malcom Brown Jersey , industry, mining etc.
Sun Yang of Zhejiang reacts after the men's 400m freestyle swimming final at 13th Chinese National Games in north China's Tianjin Municipality, Aug. 31, 2017. Sun Yang won the gold medal with 3 minutes and 41.94 seconds. (XinhuaFei Maohua)
TIANJIN, Aug. 31 (Xinhua) -- As the eldest swimmer among all the finalists Women's Joe Thuney Jersey , Olympic and world champion Sun Yang swam his own race and claimed the title in the men's 400m freestyle for the third time in a row at the 13th Chinese National Games here on Thursday.
It was also the 100th gold medal of his swimming career.
Sun met no challenges en route to the championship and stormed home in 3 minutes and 41.94 seconds.
It was the second fastest time of the season, and would have been enough to win the gold medal at the FINA World Championships in Budapest, Hungary last month, when Sun was crowned with a season best time of 3:41.38.
Ji Xinjie of Shandong finished second in 3:47.52 and Qiu Ziao of Shanghai came in third with a time of 3:49.52.
Sun, who just swept three consecutive 400m freestyle titles at the Worlds Women's Deatrich Wise Jr. Jersey , said he "was happy to win the event for the third time."
"As the eldest one in the final competing with those who are 7 or 8 years younger, I was not lonely in the competition. I always want to swim as fast as I can. I was concentrated on my own race and techniques," he added.
"I was satisfied with my result today. Because I got cold since I arrived here four days ago and was named the flag bearer for my hometown Zhejiang at the opening ceremony. It was a great pleasure for me as I seldom showed up at the opening ceremony of big events," remarked the 26-year-old.
Sun will compete in the 200m, 800m Women's Antonio Garcia Jersey , 1,500m and 3 relays at the National Games after the 400m victory.
Also on Thursday evening, Wang Shun from Zhejiang dominated the men's 400m individual medley in 4:12.59 and Zhou Min from Shanghai claimed the title of the women's 400m IM with a time of 4:40.75.
The team consisted of Zhang Yufei, Wu Qingfeng, Wu Yue Women's Derek Rivers Jersey , and Zhu Menghui won the women's 4X100m freestyle relay in 3:36.66.
A total of 621 swimmers are competing in the quadrennial National Games.
by Relja Dusek
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