Financial and Banking News
AID FLOW
IFAD Reaches Refinancing Accord
The Governing Council of the International Fund for Agricultural Development (IFAD), after almost three years of disagreement, approved on 23 January a second replenishment plan for 1985-87 worth $460mn, with OECD countries contributing $276mn and OPEC states $184mn. IFAD's spending program for 1986 will total around $160mn. Last year, only $136mn of a projected $300mn program was realized because of the...
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