Financial and Banking News
OFID Loans and Grants
The OPEC Fund for International Development (OFID) on 21 March approved a$1mn loan to Mauritania for a rural water supply project. The loan is for 17years with a five-year grace period and a 2.5% interest rate. OFID has also approved a $250,000 grant to buy an angiography system for the al-Makassed IslamicCharitable Society Hospital in Jerusalem, a $100,000 grant for theonchocerciasis control program in West...