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BANK & GOVT. LAUNCH ECONOMIC GROWTH INITIATIVE.


The Government and the Bank of Nova Scotia (BNS Noun 1. BNS - a bachelor's degree in naval science
Bachelor of Naval Science

bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies
) have announced a package of incentives aimed at triggering economic recovery and growth, reports CANA Cana (kā`nə), ancient town of Galilee. According to the Gospel of St. John it was here that Jesus performed his first miracle by turning water into wine at a wedding.

Cana

wedding feast where Christ made water into wine. [N.T.
 (September 11, 1998). BNS, which says its operations here have remained highly profitable despite the disastrous slump in the financial sector over the last three years, will offer the productive sector up to J$1.3 billion (US$35.5 million) at a subsidized interest rate of 8.5%. Two state banks, the Agricultural Credit Bank (ACB ACB American Council of the Blind
ACB Asia Commercial Bank
ACB America's Community Bankers
ACB Adjusted Cost Base
ACB Alliance for the Chesapeake Bay
ACB Amphibious Construction Battalion (US Navy)
ACB Australian Cricket Board
) and the National Development Bank (NDB NDB Nondirectional Radio Beacon
NDB Non Directional Beacon
NDB Neue Deutsche Biographie (German)
NDB National Development Bank (Sri Lanka)
NDB National Discount Brokers
NDB Next Business Day
) will share the risk with BNS for some under-collateralized projects.
COPYRIGHT 1998 Caribbean Update, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998 Gale, Cengage Learning. All rights reserved.

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Publication:Caribbean Update
Article Type:Article
Geographic Code:1CANA
Date:Oct 1, 1998
Words:97
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