VOL. XXX

NOS. 11/12

22/29-DECEMBER-1986

Financial and Banking News

AID FLOWS

AFESD Lends Algeria $42.9mn

The Arab Fund for Economic and Social Development (AFESD) has agreed to lendAlgeria and Syria a total of $42.9mn according to two agreements signed lastweek. Algeria will receive $37.1mn to help finance the al-Sharfah dam in Seijal-Saghuiya, which will have a reservoir capacity of 83mn cu. ms. and isexpected to be operational by 1991. The loan is repayable in 18 years, includinga five-year...