Financial and Banking News
AID FLOWS
SFD Lends $2mn to Guinea-Bissau
The Saudi Fund for Development (SFD) has agreed to lend $1.9mn to Guinea-Bissau, according to an agreement signed on 16 January. The funds will be used to build roads in rural districts. The loan is repayable in 20 years, including a five-year grace period, with an annual interest rate of 2%.
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