Financial and Banking New
OFID Lends $15mn to Three Countries
The OPEC Fund for International Development (OFID) has agreed to lend $15mn to Somalia, Jordan and Ethiopia under its seventh lending program, as follows:
Country Amount Project Terms ($mn) Somalia 6 Balance of payments support Annual interest rate of 3% plus 1% service charge repayable in 8 years, including 3-yr grace period. Jordan 5 Part-finance of the Second Annual interest rate of 5% plus 1% stage of the...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!