Financial and Banking News

AID FLOWS

SFD Lends Indonesia $26.4mn 

The Saudi Fund for Development (SFD) has agreed to lend Indonesia SR94mn ($26.4mn) to help finance the Rankundo-Jambu Aye irrigation and flood control project. The loan is repayable over 18 years, including a five-year grace period, and carries an annual interest rate of 3%.