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.