Financial and Banking News

AID FLOWS

OFID Provides $9.lun in Loans and Grants 

The OPEC Fund for International Development (OFID) has agreed to lend $8.9mn to three developing countries, according to agreements signed on 10 November. South Yemen will receive $4mn to help finance the $38.99mn fourth highway project. The loan is interest-free with an annual service charge of 1% and has a maturity of 17 years, including a five-year grace period. The Central African Republic will receive...