AID FLOWS

SFD Lends $41mn to Nepal, Bangladesh and Burundi

The Saudi Fund for Development (SFD) has extended three loans totaling $40.93mn to Nepal, Bangladesh and Burundi, according to an announcement on 5 December. Nepal received $24.4mn to part-finance the $316mn Marsyangdi hydroelectric power plant, which is scheduled for completion in 1989. Bangladesh received $8.2mn to finance petroleum exploration and Burundi $8.33mn for the $51mn Rugombo-Kayanza road project. All three loans are...