VOL. XXX

NO. 9

8-DECEMBER-1986

Financial and Banking News

AID FLOWS

OFlD Lends $4-6mn to Pakistan and Sao Tome

The OPEC Fund for International Development (OFID) has signed two loans for atotal $4.6mn to Pakistan and Sao Tome and Principe. The loan for Pakistan wassigned on 26 November and is to part-finance a rural primary school constructionproject. The $3.617mn loan is for 17 years, with a five-year grace period and2.25% annual interest, together with a 1% service charge.

The loan for the...