VOL. XXXVI

NO. 17

25-JANUARY-1993

Financial and Banking News

AID FLOWS

Arab Fund Lends Egypt $137mn for Power and Electricity

Egypt and the Arab Fund for Economic and Social Development (AFESD) havesigned a loan agreement under which the fund will lend Egypt $137mn for thebuilding of two new power and electricity units in Alexandria. The loan will berepaid in 39 semi-annual installments after a six-year grace period. Interest is3%.