VOL. XLVI

No 18

05-May-2003

OPEC

OPEC Fund Approves Loans Worth $52Mn

The OPEC Fund for International Development has approved seven new public sector project loans worth a total of $52.14mn and five grants totaling $2.75mn to finance activities in the agriculture, health and education sectors. The loans include $15mn for Lebanon for the Pan Arab highway scheme. All of the loans have a maturity of 20 years, including a grace period of five years, and carry interest at rates ranging from 1% to...