VOL. XXXI

NO. 5

9-NOVEMBER-1987

Financial and Banking

AID FLOWS

EC to Extend $520 in Aid to Egypt During Next Five Years

The European Community has agreed to extend ECU 449mn ($520mn) in aid toEgypt during the next five years. Of this sum, $230mn will be in the form ofgrants and $290mn in soft loans to be provided by the European Investment Bank.