VOL. XXXII

NO.34

29-MAY-1989

Financial and Banking News

AID FLOWS

OFID Lends $10mn to Three States

The OPEC Fund for International Development (OFID) has agreed to lend a totalof $9.7mn to three countries and to grant $150,000 to two others as shown below.The loans are for 17 years with five years' grace, and carry a 1% servicecharge.

 Recipient Amount Interest Purpose Mauritania $1mn 2.5% Pastoral water supply project Pakistan $8mn 2.25% Small scale industrial projects Western Samoa $700,000 3.0%...