VOL. XXX
NO. 14
12-JANUARY-1987
Financial and Banking News
AID FLOWS
US Provides Egypt with $169mn in Food Supplies
The US has supplied Egypt with $169mn worth of grain and flour under PublicLaw 480 as part of the $2.5bn annual American aid package to Egypt this year.The loan is repayable over 40 years, including a 10-year grace period, at 2-3%annual interest.
Since it began in 1955, Public Law 480 has provided Egypt with 16mn metrictons of wheat and flour on concessional terms. This years' loans...
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