NO. 8


Financial and Banking News

Aid Flow

Saudi And EIB Aid To Lebanon

King Fahd ibn 'Abd al-'Aziz of Saudi Arabia has granted Lebanon $100mn tohelp in the post-war reconstruction and development campaign. The grant wasannounced last week following a meeting in Jiddah between King Fahd and thevisiting Lebanese Prime Minister, Mr. Rafiq al-Hariri.

Lebanon will also receive a loan of ECU45mn ($50.7mn) from the EuropeanInvestment Bank (EIB) to finance the rehabilitation and...