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AMF Lends Mauritania $5.39mn

Published on Mon, 29 Dec 1986 - Volume: 30 Issue: 11/12

VOL. XXX

NOS. 11/12

22/29-DECEMBER-1986

Financial and Banking News

AID FLOWS

AMF Lends Mauritania $5.39mn

The Arab Monetary Fund has agreed to lend Mauritania $5.39mn to offset the deficit in its balance of payments for 1986, according to an agreement signed on 14 December. The loan is repayable within three years, including an 18-month grace period, and carries an annual interest rate of between 3.75-4.75%.

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