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BRIEFLY

January 05, 1988

The World Bank has reduced its variable repayment rate on regular loans to developing countries to 7.72% for the first half of 1988 from 7.76%. It was the 11th consecutive semiannual reduction since July 1, 1982, when the bank adopted its current policy of variable repayment rates, the announcement said. The rate was 11.43% then.

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