VOL. XXXII

NO. 8

28-NOVEMBER-1988

Financial and Banking News

AID FLOWS

IDB Lends Niger $8.15mn

The Islamic Development Bank (IDB) has agreed to extend two loans totalling$8.5mn to Niger. $4.75mn of this total will finance imports of crude oil, whilethe remaining of $3.4mn will be used for the construction of storage facilitiesfor oil products at Niamey with a capacity of 24,500 cu. ms.