VOL. XXXI

NO. 4

2-NOVEMBER-1987

Financial and Banking News

AID FLOWS

IDB Approves $86mn in Loans

The Islamic Development Bank (IDB) has agreed to lend Niger $2.59mn to helpfinance the construction of high schools in Niger under a loan agreement signedin Jiddah on 19 October. The Board of Executive Directors on 28 October approved $86mn in foreign trade and project loans, asfollows:

 Country Amount Purpose ($mn) Foreign Trade Operations Algeria 20 Wood, copper and cotton imports Iraq 15 Copper and...