VOL. XLVI

No 50

15-December-2003

AID

OPEC

OPEC Fund Approves Loans Worth $100Mn

The OPEC Fund for International Development on 2/3 December approved loans worth a total of $101.3mn for projects in 13 different countries, including $13mn to help fund Phase III of the Social Fund for Development in Yemen. All of the loans have a maturity of 20 years, including a grace period of 5 years, and carry interest rates ranging from 1% to 2.25%. Projects will be co financed by the governments of the...