Financial and Banking News

AID FLOWS

EEC Provides $8mn for Syrian Agricultural Project

The European Economic Community (EEC) has agreed to lend Syria an ECU 9.3mn ($7mn) for a drainage and irrigation project in the Lower Euphrates Valley, according to an announcement on 24 October. The EEC will also provide an outright grant of ECU 700,000 ($525,000) as additional financing for the project.