VOL. XXXI
NO. 26
4-APRIL-1988
Financial and Banking News
AID FLOWS
OFID Extends $20mn in Loans and Grants
The OPEC Fund for International Development (OFID) signed three loanagreements on 30 March totaling $12mn, as follows: $6.5mn to finance anagricultural technology education project in the Philippines; $3.5mn for aroad project in Rwanda; and $2mn for a rural development project in Bolivia. Allthree loans have a maturity of 17 years, including a grace period of fiveyears, and carry annual...
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