VOL. XXXVI

NOS. 13/14

28-DEC-92/4 JAN 93

Financial and Banking News

AID FLOWS

OPEC Fund Announces Loans Worth $77mn, Cumulative Total Reaches $2.7bn

The Governing Board of the OPEC Fund for International Development (OFID),during its 61st session in Vienna on 10 December, announced the approval of 14new loans worth $76.55mn, and two new grants worth $500,000. All the projectloans have a maturity of 17 years, including a grace period of five years, withthe exception of a 10-year loan to the...