Financial and Banking News
AID FLOWS
IFAD Lends Djibouti $1.1mn
The International Fund for Agricultural Development (IFAD) has agreed to lend Djibouti $1.1mn to co-finance a fishery training program, according to an agreement signed on 9 November. The loan is repayable over 50 years, including a ten-year grace period, and carries an annual interest rate of 1%.
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