VOL. XXXII

NO. 42

24-JULY-1989

Financial and Banking News

AID FLOWS

IBRD and IDA Lend $440.2mn to Five Arab Countries

The World Bank has agreed to lend Egypt, Jordan, Tunisia and Algeria a totalof $431mn, as follows:

- $165mn to Egypt to support a seven-year energy program that would includeassistance for conservation efforts, the conversion of open power plants tocombined cycle operations, the establishment of an energy-electricity data bank,the implementation of environmental protection measures...