VOL. XXX

NO. 16

26-JANUARY-1987

Financial and Banking News

AID FLOWS

Bangladesh and Nepal Receive $23.6mn from SFD

Bangladesh and Nepal are to receive a total of $23.6mn from the Saudi Fundfor Development (SFD) under agreements signed last week. A $15mn grant toBangladesh will finance electrification projects in rural areas while a $8.6mnloan to Nepal will finance the Bagmati irrigation project.