VOL. XXXII

NO. 49

11-SEPTEMBER-1989

Financial and Banking News

AID FLOWS

OFID Approves $36mn in Loans and Grants

The Governing Board of the OPEC Fund for International Development (OFID) on29 August approved 11 loans totaling $35.82mn and a $150,000 technicalassistance grant as indicated below. All loans carry annual interest ratesvarying between 2% and 2.75% plus a 1% service charge. They are repayable ineither 10 or 17 years, with grace periods ranging from 3 to 5 years.

Country Amount Purpose...