Financial and Banking News

AID FLOWS

World Bank and Affiliates Lend $70.4mn to Four Arab Countries 

The IBRD, IDA and IFC last month extended loans worth $70.4mn to Tunisia, Somalia, North Yemen and Egypt. Tunisia will receive two IBRD loans totalling $34.2mn to improve housing and urban services in low-income areas and to carry out a demonstration project in energy conservation. Somalia's Port Authority will receive SDR19.9mn ($22.6mn) from the IDA to modernize the systems and...