VOL. XXXIV

NO. 21

25-FEBRUARY-1991

Financial and Banking News

Financial Transfers

Japan to Lend Syria $500mn

Japan is to extend a $500mn concession loan to Syria as part of its aid tocountries economically affected by the Gulf crisis. The loan will be used tofinance a thermal power plant north of Damascus. Two representatives of theJapanese Foreign Ministry are expected to arrive in Damascus at the beginning ofMarch during a tour of the Middle East which will include Saudi Arabia, Egypt,Algeria and...