VOL. XXX

NO. 15

19-JANUARY-1987

Financial and Banking News

AID FLOWS

US Extends Agricultural Credit Guarantees to Iraq

The US Agriculture Department announced on 12 January that it has grantedIraq an additional $376mn in short-term credit guarantees to purchase USagricultural commodities. This new facility raises Iraq's total credit line to$562mn in the fiscal year that began last October. Under the AgricultureDepartment's export credit program, financing can be arranged for up to threeyears....