VOL. XXXII

NO. 52

3-OCTOBER-1988

Financial and Banking News

AID FLOWS

IBRD Lends Egypt $36mn

The World Bank announced on 16 September that it has approved a $36mn loanto Egypt to repair and expand the water supply system in Alexandria. The loan isrepayable in 20 years, including a five-year grace period, at a variableinterest rate, currently 7.5%.