VOL. XXXI

NO. 25

28-MARCH-1988

Financial and Banking News

AID FLOWS

Egypt Receives $186.5mn from the US, Italy and West Germany

The United Statesagreed earlier this month to lend Egypt $100mn to import machinery for thepublic industrial sector and $70mn to finance the imports of wheat. Italy willalso grant the Suez Governorate $7.5mn for the establishment of a model cattlefarm, and the West German Bank for Reconstruction is to grant the Helwannational cement company $9mn for the purchase of...