VOL. XXXNO. 510-NOVEMBER-1986

Financial and Banking News

AID FLOWS

Italy Provides $l00mn Soft Loan to Tunisia

Italy has agreed to provide a $100mn soft loan to Tunisia to financeagricultural development and imports of Italian goods, according to anagreement signed by the two governments last month. The loan - arranged byItaly's Mediocredito Centrale and paid to Banque Centrale de Tunisie isrepayable over 20 years, including a five-year grace period, with an annualinterest rate of 1.5%.