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.