Financial and Banking News


IBRD/IDA Commit $1.1bn to Arab Countries in FY 1985 

The International Bank for Reconstruction and Development (IBRD) and its affiliate the International Development Association (IDA) have committed loans and credits totaling $1,108.3mn to Arab countries in FY 1985, compared to $1,654.2mn in FY 1984, a decline of 33%, according to the World Bank Annual Report 1985. The three North African states of Egypt, Algeria and Morocco topped the list...