Financial and Banking New


West Germany Lends Syria $45mn

West Germany has provided two loans to Syria worth DM70.6mn ($45mn), according to a statement issued by the West German Economic Cooperation Ministry on 29 July. The loans, extended through the state-owned Kreditanstalt Fuer Wiederaufbau, are allocated to finance exports of German goods ($37mn) and to construct a cottonseed oil plant ($8mn). on 13 July, West Germany decided to unfreeze DM146mn of annual economic aid to...