VOL. XXX
NO. 17
2-FEBRUARY-1987
Financial and Banking News
AID FLOWS
AFESD Lends Mauritania $10mn
The Arab Fund for Economic and Social Development (AFESD) has agreed to lendMauritania KD2.8mn ($10mn) for the construction of a telephone and telex complexat Nouakchott, according to an agreement signed on 28 January. The loan isrepayable over 16 years, including a four-year grace period, and carries anannual interest rate of 4%.
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