Financial and Banking News

AID FLOWS

IBRD and IDA Provide $416mn to Five Arab Countries 

The World Bank and its soft-loan affiliate, the International Development Agency, have agreed to extend grants and loans worth $415.7mn to five Arab states, as follows:

  Country Purpose Amount  ($mn) Algeria Part-financing of a project to provide 262.00 water supply services in metropolitan Oran and Constantine Egypt Vocational training project for skilled 19.3 workers in the electrical power...