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Not rush to spend the $250M says World Bank


The World Bank has said it will not rush to spend the $250M it has made available for reconstruction in the Indian Ocean region.

The bank is carrying out damage assessments. 'We know from the past that money spent quickly is money wasted, ' said a World Bank spokesman. The bank is taking on experienced engineers to be employed on short term contracts to advise on reconstruction in key areas such as Banda Aceh, Indonesia.

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