VOL. XXX

NO. 13

5-JANUARY-1987

Financial andBanking News

AID FLOWS

BADEA LendsGuinea $4.8mn

The Arab Bank forEconomic Development in Africa (BADEA) has agreed to lend Guinea $4.8mn to helpfinance a livestock rehabilitation scheme, according to an agreement signed lastweek. The loan is repayable over 17 years, including a five-year grace period,and carries a 5% annual interest rate.