VOL. XXXII

NO. 14

9-JANUARY-1989

Financial and Banking News

AID FLOWS

France Extends Aid to Egypt and Morocco

France agreed last month to extend FF955mn in soft loans and FF100mn ingrants to Egypt. The soft loans will finance rural communication networks,modern irrigation systems, and the second stage of the Cairo Metro, while thegrant will be allocated for the construction of hospitals. Morocco will receivea loan of FF435mn for the construction of the new Agadir airport.