VOL. XXXI

NOS. 11/12

21/28-DECEMBER-1987

Financial and Banking News

AID FLOWS

European States Aid Lebanon

In response to an appeal made by the UN, the European Economic Commission(EEC) has agreed to grant Lebanon ECU2mn ($2.5mn). This brings total EEC aid toLebanon during the year to ECU23.8mn ($29.8mn). Italy, for its part, has alsoagreed to grant Lebanon $100mn over the next two years in the form of financialcredits and medical, agricultural and educational assistance.

A UN team visited Lebanon...