VOL. XXXI
NO. 10
14-DECEMBER-1987
Financial and Banking News
AID FLOWS
OFID Lends $9mn
The OPEC Fund for International Development (OFID) has agreed to lendBangladesh $8mn to help finance a road rehabilitation and maintenance project.The loan is repayable over 17 years, including a five-year grace period, andcarries an annual interest rate of 2%, with a service charge of 1% on amountswithdrawn and outstanding. OFID has also agreed to lend Equatorial Guinea $1mnas a balance of payments support loan....
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