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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...