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...
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