Financial and Banking News
AMF Lends $113mn in 1987
Total loans extended by the Abu-Dhabi based Arab Monetary Fund (AMF) in 1987were Arab Accounting Dinars (AADs) 29.19mn ($112.96mn), compared to AAD33.86mn($119.17mn) in 1986. Priority in lending was given to the promotion ofinter-Arab trade, technical aid and training. The AMF committed three newloans during the year, amounting to 10.2% of the paid-up capital of the fund'spaid-in convertible currencies....