VOL. XXXII

NO. 49

11-SEPTEMBER-1989

Financial and Banking News

AID FLOWS

IBRD and IDA Lend $332mn to Three Arab Countries

The World Bank has agreed to lend $190mn to Morocco's Caisse Nationale deCredit Agricole (CNCA) to support the latter's farm lending program, offer awider range of market-oriented services and increase the role of the privatesector in rural areas.

The World Bank has also agreed to lend $130mn to Tunisia to finance publicsector reforms aimed at relaxing government control over the...