VOL. XXXII

NO. 45

14-AUGUST-1989

Financial and Banking News

AID FLOWS

OFID Lends $93.3mn in 1988

The OPEC Fund for International Development (OFID) last year committed loansand grants totaling $93.3mn, compared to $140.7mn in 1987, according to thefund's Annual Report for 1988. The activities of the fund comprise: (a) extending loans to finance development projects and programs and for balance ofpayments; (b) providing grants for technical assistance and research; and, (c)supporting other...