Recent agreements by international lending and financial institutions:
* South Korea will receive two bank loans in the amounts of $250 million and $90 million. The $250 million loan will be used to carry out a program aimed at keeping the balance of payments "manageable" by reducing energy-related imports, promoting exports, improving industrial efficiency and increasing the use of domestic resources. The $90 million loan will be used to help improve access to safe water supplies for five cities that are currently experiencing water shortages because of rapid growth.
* A $7.5 million loan to Cameroon to help establish an independent postal and telecommunications service. A consulting consortium, led by a Canadian firm called Mahue, Noiseux and Co., has been selected to prepare an organizational plan and investment program to help transfer the responsibilities of the government's Post and Telecommunications Ministry to a new commercial organization.
* A $9 million World Bank loan to the government of Colombia to help reduce erosion of the country's most important river, the Magdalena. The river basin, which receives 23 major tributaries, is the source of Colombia's principal rice production and hydroelectric power.
* A $6.8 million World Bank loan to the government of Jamaica to help improve its supply of skilled manpower by the training of 1,500 technical teachers between 1985 and 1995.
* A $25 million World Bank loan to Jordan to increase the supply of skilled manpower. A polytechnic institute will be built at Tafilah in southern Jordan to supply skilled workers for industry and mining. Teachers' colleges, vocational secondary schools and nursing and paramedic schools will also be constructed.
* A $7.5 million International Development Association credit to Zambia to encourage milk production. A long-term pilot project is designed to introduce modern dairy-farm techniques to small landholders, to establish a dependable milk collection service, to improve animal husbandry and veterinary services, to establish a breeding farm and to provide credit to small landholders for the establishment of dairy farms.
Inter-American Development Bank
* A $16 million loan to Colombia to help finance the second stage of an integrated rural development project designed to consolidate new settlements, increase agricultural productivity and improve living standards in the Arauca region. Over the past 20 years, Colombia has experienced an accelerated urbanization process, with a heavy concentration of the population in the country's Andean region. This project is part of the government's efforts to promote a more balanced distribution by fostering the growth of intermediate-sized cities, expanding the agricultural frontier and improving rural living standards.
* A $5 million loan to Paraguay to provide credit and technical assistance to municipalities in the country's interior. The credits will be used for the construction of modern slaughterhouses, warehouses and public markets for use by agricultural producers, bus terminals and community centers for social and sports activities. The technical assistance will be used for program analysis. In addition, the bank approved a "technical cooperation grant" of $230,000, to be taken from its Fund for Special Operations, which will go to Paraguay's Instituto de Desarrollo Municipal, the agency charged with implementing these programs.
* A $15.6 million loan to El Salvador to assist in agricultural production through the construction of storage plants, collection centers and agricultural supply stores. The bank also approved a $124,000 technical cooperation grant to help the government strengthen management of grain inventories and to provide practical training in accounting procedures.
* Two loans totaling $57.2 million to help expand and modernize Jamaica's only cement plant. The facility, which is located outside Kingston, is operating at less than full capacity and needs substantial improvements. The loans will be used to install a dry-process production line; to convert the kiln fuel system from oil to coal and to install three new power generators.
* The bank approved the following finance agreements with Brazil: A $500,000 financing to foster small-scale irrigation works and farm credit in the northeast region; a $30 million loan to assist the country in carrying out a land project designed to benefit about 110,000 farmers, also in the northeast region; a $50 million loan to help finance a credit program intended to boost agricultural production and living conditions in three west central states, and a $100 million loan to help build the first stage of a hydroelectric power station.
International Finance Corporation
* A $37.4 million private enterprise effort to grow rice in Brazil's Amazon region is being financed by the Espirito Santo and Oliveira groups of Brazil and by the IFC. The project is located in the flood plain of the middle Araguaia River, a major tributary of the Amazon and one of the world's largest virgin areas suitable for year-round irrigated rice production. The area has only recently been opened for large-scale commercial agricultural development by the construction of the Belem-Brasilia highway. The project is expected to create about 385 permanent jobs. IFC will contribute $5.5 million of the total venture.
* The IFC will help a group of Peruvian mining companies finance an $18 million electric power transmission plant in the central Andes. The project is intended to help lower energy costs at the mining sites, to reduce the need to transport fuel oil the 150-mile distance from Lima and, at the same time, to make electricity available to about 40,000 people in local rural communities. IFC will contribute $4.5 million to the project.
International Monetary Fund
* The IMF is making the first payments from a "supplementary financing facility subsidy account" to 21 low-income developing countries. The total payments amount to an equilavent of 22.9 million special drawing rights. Member countries receiving subsidies are: Bangladesh, Bolivia, Dominica, Guyana, Ivory Coast, Kenya, Liberia, Madagascar, Malawi, Mauritania, Mauritius, Morocco, Pakistan, Peru, the Philippines, Senegal, Sierra Leone, Sudan, Tanzania, Togo and Zambia.