VOL. XXVIII

NO. 22

11-MARCH-1985

Financial and Banking News

AID FLOWS

IFAD Lends Malawi and Paraguay $21mn

The International Fund for Agricultural Development (IFAD) has agreed to lendMalawi and Paraguay $20.6mn under two agreements signed last week. Malawi willreceive $13.6mn for the IFAD-initiated Kasungu agricultural development project,to be implemented over a five-year period at a cost of $16.1mn, of which Malawiwill pay $2.5mn. Paraguay will receive $7mn to part-finance the country's $50mn...