VOL. XXXII

NO. 22

6-MARCH-1989

Financial and Banking News

AID FLOWS

Italy Signs $400mn Aid Deal with Egypt

Italy is to provide a total of $400mn in soft loans and grants to Egypt overthe next three years under the terms of an agreement signed in Cairo on 2 March.The funds will be allocated to agricultural projects, food processing plants,power stations, renewable sources of energy, and infrastructural and educationalprojects. Part of the money has been allocated for private sector purchases of...