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....