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...