Financial and Banking News

AID FLOWS

Agfund Provides $l.2mn to Three UN-Sponsored Programs

The Arab Gulf Fund for UN Development (Agfund) has agreed to provide $1.2mn in support of three UN-assisted projects, as follows: Senegal will receive $173,000 to improve grain storage facilities and to set up a cereal bank; Bangladesh will receive $500,000 for the modernization of a disease research center; and $450,000 will be given to seven Caribbean states to improve agricultural production.