VOL. XXXII

NO. 28

17-APRIL-1989

Financial and Banking News

AID FLOWS

IBRD Lends $211mn to Algeria

The World Bank has agreed to lend $211mn to Algeria to finance threeprojects, according to the Algerian News Service on 11 April. $143mn will helprepair 340km of railway track, $14mn will part finance the construction offour large and several small irrigation dams, and $54mn is to finance trainingschemes. The loans are repayable over 15 years with a five-year grace period atthe standard World Bank...