VOL. XXXII
NO. 49
11-SEPTEMBER-1989
Financial and Banking News
AID FLOWS
SFD Lends $27mn to Algeria
The Saudi Fund for Development (SFD) has agreed to lend SR100mn ($26.7mn) toAlgeria to part finance the Beni Haroune Dam project near Constantine. The loanis repayable over 20 years, including five years' grace, with a 3% rate ofinterest.
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