Financial and Banking News
OPEC Fund Releases Annual Report
The Vienna-based OPEC Fund for International Development (OFID) released itsannual report on 12 June, with details from its ninth lending program pluscumulative commitments and disbursements since its formation in 1976. During1990, OFID made loan commitments of $134.48mn and grant commitments of $2.4mn.A total of $95.8mn was disbursed, representing 70% of commitments. By the endof 1990,...