VOL. XXXI
NO. 26
4-APRIL-1988
Financial and Banking News
AID FLOWS
Egypt Receives Aid from ADB and Canada
The African Development Bank (ADB) has agreed to lend Egypt $16.2mn tofinance the purchase of equipment for an expansion of polyester threadproduction project in Kafr al-Dawwar, according to an agreement signed in Cairoon 14 March. The loan is repayable in nine years, including a grace period ofthree years. Meanwhile, Canada has agreed to grant Egypt $5mn to finance smalland medium size...
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