VOL. XXXI

NO. 18

8-FEBRUARY-1988

Financial and Banking News

AID FLOWS

ADFAED Lends Tunisia $10mn

The Abu Dhabi Fund for Arab Economic Development is to lend Tunisia Dh36.6mn($9.97mn) under an agreement signed on 2 February in Tunis. The loan, which willhelp finance a rural development project, is repayable in 20 years, includinga five-year grace period, and carries interest of 5%.