VOL. XXXI

NO. 17

1-FEBRUARY-1988

Financial and Banking News

AID FLOWS

OFID Lends $43.6mn to 10 Countries

The OPEC Fund for International Development (OFID) has agreed to lend$43.55mn to 10 countries under agreements signed in Vienna on 26 January. Allproject loans have a maturity of 17 years and include a five-year grace period,while balance of payments support loans have a maturity of eight years,including a three-year grace period. Interest rates applying to the loans varybetween 2%-3.25%...