Financial and Banking News

AID FLOWS

Saudi Arabia Provides $39mn in Loans and Aid to Mauritania and Indonesia

Saudi Arabia has agreed to provide $39.3mn to Mauritania and Indonesia, according to two agreements signed earlier this month. At the end of a meeting in Paris on 15 March attended by Mauritania's major aid donors, Saudi Arabia announced that it would donate $30mn to help Mauritania settle its debt obligations, estimated at $1.6bn. The pending payments for 1985 amount to...