VOL. XXX

NO. 24

23-MARCH-1987

Financial and Banking News

AID FLOWS

OFID Lends $10mn to Nepal, Mozambique and Sao Tome

The OPEC Fund for International Development (OFID) has agreed to lend $10mnto Nepal, Mozambique and Sao Tome, according to agreements signed on 17 March.Nepal will receive $4mn to partially finance a road improvement project costing$42.5mn which is also being financed by the Asian Development Bank and theGovernment of Nepal. Mozambique is to receive $5mn loan to part finance the...