VOL. XXXII
NO. 20
20-FEBRUARY-1989
Financial and Banking News
AID FLOWS
World Bank and US Lend $92mn to Algeria
The World Bank has agreed to lend Algeria $58mn to finance a locust controlprogram, according to a Bank statement on 3 February. The loan is repayable in15 years with five years' grace and an annual interest rate of 7.65%, with a0.75% commitment fee. On the same day, the US Export-Import Bank announced a$33.9mn loan to the state oil and gas company, Sonatrach, to purchaseequipment from...
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