VOL. XXX
NO. 22
9-MARCH-1987
Financial and Banking News
AID FLOWS
BADEA Finances Road Project in Guinea Bissau
The Arab Bank for Economic Development in Africa (BADEA) has agreed to extenda $6mn loan to Guinea Bissau to finance of a road project. The loan, equivalentto 38.6% of the project cost, is repayable over 15 years, including a graceperiod of three years, and carries an annual interest rate of 5%.
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