Financial and Banking News


OFID Lends $106mn in 1984 

The OPEC Fund for International Development (OFID) last year committed $105.905mn to 28 developing countries, according to the Fund's Annual Report for 1984. Disbursements totaled $178.187mn, comprising $106.888mn in loans, $6.068mn in grants, and contributions to IFAD on behalf of OPEC member states totaling $65.232mn. There was a significant decrease in disbursements for project loans compared with 1983, while...