VOL. XXXII

NO. 18

6-FEBRUARY-1989

Financial and Banking News

AID FLOWS

Iraq Seeks $1bn from Arab Funds for Basrah Reconstruction

MEES understands that Iraq has asked Arab aid organizations to lend it some$1bn over the next five years to finance the reconstruction of the southern portof Basrah. The Iraqi request was made on 27 January during a meeting in Kuwaitof the eight-member Coordination Secretariat of the Arab Funds (in which theIslamic Development Bank, the Abu Dhabi Fund for Arab Economic...