VOL. XXXII

NO.34

29-MAY-1989

Financial and Banking News

AID FLOWS

PLO Confirms Third Saudi Aid Tranche

The Palestinian ambassador to Riyadh confirmed on 15 May that the PalestineLiberation Organization (PLO) has received the third monthly aid installmentfrom Saudi Arabia to be disbursed under the terms of an agreement reached lastyear to provide $6.02mn every month in support of the intifada (MEES, 9January). Saudi Arabian aid to the PLO was reduced from its annual rate of$85.5mn under the terms of...