Financial and Banking News

AID FLOWS

IFAD Deadlocked Over Contributions to Second Replenishment 

The Rome-based International Fund for Agricultural Development (IFAD) has reached a deadlock on the question of the contributions that OPEC and OECD states are to make to its $1bn second replenishment program for the period 1985-87. A five-day meeting of the Governing Council in Paris last week failed to resolve the issue and another meeting has been scheduled for mid-December in Rome. A...