VOL. XXXII

NO. 17

30-JANUARY-1989

Financial and Banking News

AID FLOWS

EC Grants $47mn to Mauritania

The European Community (EC) agreed on 9 January to grant Mauritania anon-reimbursable subsidy of $44mn aimed at increasing the country'sself-sufficiency in food, as well as to lend ECU1.5mn ($2.87mn) to financecontinuing iron ore prospecting in the Zouerate area.