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%.