VOL. XXXII
NO. 1
10-OCTOBER-1988
Financial and Banking News
AID FLOWS
BADEA Lends Lesotho $10mn
The Khartoum-based Arab Bank for Economic Development in Africa (BADEA) hasextended a $10mn loan to Lesotho to help finance a road project under anagreement signed last month. The loan is repayable over 18 years, with a graceperiod of five years, at an annual interest rate of 4%.
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