VOL. XXXI

NO. 42

25-JULY-1988

Financial and Banking News

AID FLOWS

IBRD aside Algeria $211mn

The World Bank has agreed to extend three loans to Algeria totaling $211mn,according to an announcement issued on 30 June. The first loan, for $143mn, willrehabilitate 370 kms. Of track on some of the country's main railroad lines,while the second, for $54mn, will aid vocational education programs. A third$14mn loan will help the country formulate a long-term irrigation policy. Theloans are repayable in 15...