VOL. XXXVII
NO. 27
4-APRIL-1994
Financial and Banking News
Aid Flows
World Bank Lends Egypt $121Mn
The World Bank has approved two loans worth $121mn to help finance a projectto modernize Egyptian farming. The loan consists of an International DevelopmentAssociation (IDA) credit of $67mn repayable over 35 years, including a 10- yeargrace period, and a $54mn loan repayable over 20 years, including a five-yeargrace period. The total cost of the modernization project is $269mn, of whichthe Egyptian...
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