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BADEA to Lend Mozambique $8mn.

Published on Mon, 01 Dec 1986 - Volume: 30 Issue: 08

VOL XXX

NO. 8

1-DECEMBER-1986

Financial andBanking News

AID FLOWS

BADEA to Lend Mozambique $8mn.

The Arab Bank for Economic Development in Africa (BADEA) is to lendMozambique $8mn to help finance an agricultural project under an agreementsigned on 26 November. The loan, which represents 24.7% of the estimated totalcost of the project is repayable over 15 years with a five-year grace period andan annual interest rate of 6%.

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