VOL. XXXNO. 220-OCTOBER-1986

FINANCIAL AND BANKING NEWS

AID FLOWS

IDB Lends $57mn to Three Member Countries

The Islamic Development Bank (IDB) has agreed to lend $57.14mn in foreigntrade financing operations to three member countries, as follows: $40mn toAlgeria for imports of intermediate goods, $9.14mn to Turkey for imports ofindustrial equipment, and $8mn to Morocco to purchase crude oil.