VOL. XXX

NO. 23

16-MARCH-1987

Financial and Banking News

AID FLOWS

IBRD Lends Tunisia $150mn for Industrial and Trade Policy Adjustment

The World Bank has agreed to give Tunisia a $150mn industrial and tradepolicy loan, according to a statement issued on 27 February. The loan will helpthe country develop additional export revenues and substitute for imports, withthe aim of curtailing the rising deficit in its balance of payments due to thecurrent and projected decline in hydrocarbon exports and...