VOL. XXXNO. 510-NOVEMBER-1986

Financial and Banking News

AID FLOWS

IDA Lends South Yemen $5.6mn

The International Development Association, the World's Bank soft loan agency,has agreed to lend South Yemen $5.6mn to part-finance a water project in Aden.The loan is repayable in 50 years, including a 10-year grace period during whichonly interest at less than 1% annually is to be paid. The water project willcost around $32.2mn and is to be completed in 1992. Other aid organizationsfunding the...