VOL. XXX

NO. 22

9-MARCH-1987

Financial and Banking News

AID FLOWS

SFD Loan for Indonesian Port Expansion Project

The Saudi Fund for Development (SFD) has agreed to extend a $20.23mn loan toIndonesia to co-finance the second phase of an expansion scheme at Tanjung Perakport in Surabaya, East Java, according to an agreement signed on 26 February.The $157.8mn project, launched last year, is also being financed by the AsianDevelopment Bank ($86mn) and the Indonesian government ($51.6mn). The SFD loan...