Financial and Banking News


OFID Lends $9.65mn to Four Countries 

The OPEC Fund for International Development (OFID) has agreed to lend $9.65mn to North Yemen, Mali, Niger and Benin, according to four agreements signed on 23 July. North Yemen will receive a $4mn loan to finance a petroleum products storage and distribution project at Salif on the Red Sea. Mali is to be loaned $2.75mn for the Bamako water supply facilities expansion project, while a $1.4mn loan is provided...