NO. 23


Financial and Banking News

Aid Flows

Japanese Aid to Egypt Picks Up

Japanese aid to Egypt has increased in recent years and reached $172.9mn in1988 on a net disbursement basis, making Japan the second largest aid donorafter the US. Total Japanese official development assistance (ODA) incorporated grants worth nearly $44mn in 1988, technical cooperation assistanceworth $17mn, and $112mn worth of Yen loans. However, Japan's aid is dwarfed byits trade surplus with...