VOL. XXXII

NO. 46

21-AUGUST-1989

Financial and Banking News

AID FLOWS

OFID Extends $23mn to Four Countries

The OPEC Fund for International Development (OFID) has agreed to extend$23mn, as follows: $7mn to Bangladesh for rehabilitation of flood-damaged roads;$5mn to Nepal and $10mn to Sudan - both for the import of petroleum products.The three loans carry annual interest rates of 2%, 3% and 2.25% respectively.They have maturities which vary between 8 and 17 years, including grace periodsof 3-5...