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%.