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PM signs off on USD $80m loan
Wednesday 15 December 2021 | Written by Caleb Fotheringham | Published in Economy, National
Prime Minister, Mark Brown signs off on a (USD) $80 million loan from the Asian Development Bank on Tuesday. He said $40 million will be used for the nation’s economic recovery roadmap, while the other $40 million will be held on standby in the event of an economic downturn. 21121421
Cook Islands has borrowed (USD) $40 million from the Asian Development Bank for immediate financing needs with an additional (USD) $40 million set aside if the country becomes in need of the money.
Cook Islands has borrowed (USD) $40 million from the Asian Development Bank for immediate financing needs with an additional (USD) $40 million set aside if the country becomes in need of the money.
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