VOL. XXII

NO. 10

12-DECEMBER-1988

Financial and Banking News

AID FLOWS

BADEA Lends $12.22mn to Two African States

The Arab Bank for Economic Development in Africa (BADEA) has agreed to lendMadagascar $10mn to help finance a highway project, and to provide Burundiwith two loans ($1.22mn for a road project and $1mn for the Moso sugar complex).