VOL. XXVIII

NO. 22

11-MARCH-1985

Financial and Banking News

AID FLOWS

IDB Lends $11mn to Turkey and South Yemen

The Islamic Development Bank (IDB) has agreed to lend $11mn to Turkey andSouth Yemen, according to two agreements signed last week. The Turkish firmOrtadogu Rulman Sanayi ve Ticaret will receive $9mn to help finance the purchaseand leasing of machinery, while $2mn will be provided to South Yemen to financethe second phase of construction of a marine science center.