VOL. XXXII

NO. 42

24-JULY-1989

Financial and Banking News

AID FLOWS

Japan Lends $126mn to Five Arab Countries

Japan agreed last month to lend $104.35mn to four Arab countries, as follows:$6.35mn to Morocco ($6mn for an irrigation project and $350,000 for sportsequipment); $3.7mn to North Yemen to expand its rural telecommunicationsnetwork; $23.3mn to Egypt ($10mn for the National Institute ofTelecommunications, $4.5mn to enhance fire fighting programs, and $8.8mn for awater project); and $71mn to...