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...