VOL. XXX

NO. 18

9-FEBRUARY-1987

Financial and Banking News

AID FLOWS

IBD Lends $39mn to Four Member Countries

The Islamic Development Bank (IDB) has agreed to lend $39mn to Turkey,Pakistan, South Yemen and Tunisia to finance foreign trade operations, accordingto agreements signed last week. Turkey will receive $15mn to finance crude oiland refined products, Pakistan and South Yemen will receive $10mn each tofinance imports of nitrogeneous fertilizers and crude oil respectively, whileTunisia will...