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%...
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