2. The last negotiations for the loans were made in 1997. These were for projects in:
a) Education sector USD 244 million
b) Social sector USD 60million
c) Technical sector USD100million
3. The currency crisis also began in 1997. Naturally the loans were not approved until 1999 when the crisis was over. The usual sequence is for application for a loan to be made, followed by negotiations. Approval would be given by the bank later.