VOL. XXXII
NO. 26
3-APRIL-1989
Financial and Banking News
AID FLOWS
Egypt Gets $30mn from IDB, Canada
The Islamic Development Bank (IDB) has lent Egypt $15.52mn to finance theconstruction of a diesel engine factory, according to an agreement signed inJiddah on 14 March. The loan is to the Helwan Diesel Engines Company and willcover all the equipment and services costs to enable the company to produce10,000 engines annually. 60% of the company's output is for tractor engines, andit is expected to...
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