VOL. XXXII
NO. 19
13-FEBRUARY-1989
Financial and Banking News
AID FLOWS
Libya Lends $130mn to Uganda
Libya has agreed to lend Uganda $130mn to purchase food and cash crops inreturn for Ugandan exports to Libya, according to Radio Uganda on 3 February.The loan carries an annual interest rate of 4% and is repayable over 12 years.Libya has also agreed to reschedule an $11mn loan to Uganda dating from 1974.
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