The cabinet in its usual meetings on Friday has approved a loan of 1.9 billion US Dollars for projects in the country, the Government Spokesperson reports.
The money followed the visit of Deng Alor, Minister of Foreign Affairs to China, about the grants and loans for the development of the nation, adds Michael Makuei Lueth.
He says the funding will be followed up by the Ministry of Finance, Commerce, Central Bank and the Ministry of Justice for implementation.
The government spokesperson was briefing journalists after the council of Ministers.