VOL. XXXI

NO. 18

8-FEBRUARY-1988

Financial and Banking News

AID FLOWS

UNDP Extends $10mn in Aid to Lebanon

The United Nations Development Program (UNDP) has agreed to extend about$10mn in aid to Lebanon over the next three to five years, according to Mr.William Draper, the UNDP Administrator. Mr. Draper said Lebanon's per capitaincome had dropped sharply to under $700 a year because of the 13-year old civilwar, and it had now fallen into the category of a "least developedcountry." The UNDP office...