VOL. XXXI

NO. 3

26-OCTOBER-1987

Financial and Banking News

AID FLOWS

Japan Aids North Yemen's Oil Sector

Japan has agreed to extend 11.53bn ($80mn) to help finance North Yemen'soil sector, according to a Foreign Ministry statement issued in Tokyo on 6October. The loan is to be repaid over 30 years, including a 10-year graceperiod, and carries an annual interest rate of 1.5%.