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%.
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