The World Bank (WB) has decided to grant the amount of USD 200 million to Venezuela in the form of four new loans during the next two years.

WB representative in Venezuela David Varela Monday said that the projects for which the loans will be allotted are still under preparation and have a complex design.

One of the loans is to be used for financing water pipes and sewage systems in both urban and rural areas in at least eight Venezuelan states which have been chosen by the national water company Hidroven and its affiliates.

The World Bank will also finance a social infrastructure project in small and medium-sized cities aimed at expanding the success achieved in the so-called Proyecto Mejoramiento de Barrios.

The multilateral agency is also to grant funds for environmental projects implemented by the Ministry of Environment. These projects include the use of solid waste, sewage, national parks and forest areas.

The last loan will be used for creating the requisite infrastructure for implementing basic services in several indigenous communities, according to official ABN news agency.

Varela explained that a WB mission recently paid a visit to Venezuela in order to specify all the loans taking into account the country's needs.