VOL. XXXI

NO. 16

25-JANUARY-1988

Financial and Banking News

AID FLOWS

BADEA Lends Uganda $6.77mn

The Arab Bank for Economic Development in Africa (BADEA) has agreed to lendUganda $6.77mn to help finance a poultry development project, according to anagreement signed on 19 January. The loan is repayable over 14 years, including afour-year grace period, and carries an annual interest rate of 6%.