VOL. XLVII
No 12
22-March-2004
OPEC
AID
OPEC Fund Approves Loans Of $90Mn
The OPEC Fund for International Development on 16 March approved nine loans worth a total of $90.3mn. Egypt receives $20mn for the Cairo North (II) Power Plant scheme, while other beneficiaries include Peru ($15mn), Myanmar ($12.3mn) and Mozambique ($10mn). All loans have a maturity of 20 years, including a grace period of five years, and carry interest at rates ranging from 1-3%. The loans will be cofinanced by beneficiary...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!