VOL. XXXI

NO. 1

12-OCTOBER-1987

Financial and Banking News

AID FLOWS

IDB Lends $9mn to Tunisia

The Islamic Development Bank (IDB) has lent $9mn to Tunisia under the termsof an agreement signed in Jiddah on 5 October. The loan comprises two separatetranches, both of which are earmarked for the finance of imports of sulfur.Industries Chimiques de Gafsa (ICG) receives a loan of $6mn while IndustriesChimiques Maghrebines (ICM) in Gabes receives a $3mn loan.