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BADEA Lends Burundi

Published on Mon, 22 Oct 1984 - Volume: 28 Issue: 02

Financial and Banking News

AID FLOWS

BADEA Lends Burundi $8mn

The Arab Bank for Economic Development in Africa has agreed to lend $8mn to Burundi to finance a road project, according to an agreement signed on 16 October. The loan is repayable in 15 years, including a five-year grace period, and bears an annual interest rate of 6%.

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