Bank for Reconstruction and Development working through its

affiliate, the International Development Association, to give “soft”

Loans to developing countries for long-term capital projects.

10*

Read the text, complete it using the words from the box, and translate into the Russian.

International, developed, low-income, technical assistance, direct contributions, high interest

In fiscal 2004 IDA provided $9 billion in financing for 158 projects in 62 low-income countries.

The world's... (1) countries generally cannot borrow money in... (2) markets or can only do so

A t... (3) rates. In addition to... (4) and loans from... (5) countries, these countries receive grants,

Interest-free loans, and... (6) from the World Bank to enable them to provide basic services. In

Case of the loans, countries have 35-40 years to replay, with a 10-year grace period.

10.7.4. Written/Oral Practice

Make up sentences and microdialogues with the following word combinations on the subject of the unit.

Work with a partner.

а) банк - bank

Joint-stock innovation bank — акционерный

Abkn—il)aonitanltu,lrodwm il(aonteran tni

Инновационный банк

Дунаордйнеыж

Б анк м

B) взаимоотношения — rela tions; relationship, contacts

Соотношение, коэффициент — ratio

Equity ratio — отношение акционерного кантоиш

Ilseragdnu—еяtu

Isonm lfteaoоr

Competitive relations — конкурирующие отsernн