VOL. XXX

NO. 15

19-JANUARY-1987

Financial and Banking News

AID FLOWS

ADB Lends Egypt and Morocco $164mn

The African Development Bank (IDB) has agreed to lend Egypt and Morocco$164mn, according to agreements signed in late December. Egypt will receive aloan for $102mn for the construction of a 600-megawatt power station atFaraskour in the Nile Delta north of Cairo where gas turbines with a400-megawatt capacity and steam combined cycle units with a capacity of 200megawatts will be installed. Gas...