VOL. XXXI 

NO. 16 

25-JANUARY-1988

Financial and Banking News

AID FLOWS

Egypt Receives $109mn in Japanese Aid

Japan has agreed to provide Egypt with a soft loan of $86mn as well as $23mn in grants. The soft loan, which will help finance the development of a thermal power station at Assiut in Upper Egypt, is part of Japan's assistance program for the power sector in Egypt. It is repayable over 20 years at 4% interest with a 10-year grace period. The grants, totaling $23mn,...