VOL. XXXI

NO. 26

4-APRIL-1988

Financial and Banking News

AID FLOWS

EC Extends Aid to Syria and the North African States

The European Community (EC) agreed earlier in March to provide Syria withmachinery and equipment worth $5mn for a potable water scheme at Dair al-Zur inthe eastern part of the country and to grant $11mn to the Institute of AdvancedResearch in Damascus. The EC also agreed to extend ECU2.9mn ($3.6mn) to Tunisiaand Algeria to finance agricultural projects in the two countries....