Financial and Banking News
AID FLOWS
OPEC Fund Lends $113.5mn in 1985
The OPEC Fund for International Development (OFID) last year committed $113.5mn to 25 developing countries, according to the Fund's Annual Report for 1985. Additional funding to the tune of the equivalent of $12.5mn in the currencies of recipient countries were raised in the form of local counterpart funds. These funds are generated under balance of payments support and program loans made by the OPEC Fund. Project...
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