VOL XXXI

NO. 6

16-NOVEMBER-1987

Financial and Banking News

AID FLOWS

ADB Lends Egypt $134mn

The African Development Bank (ADB) has agreed to lend Egypt $134mn topart-finance the Dumiat electric power station, according to an agreementsigned in early November. The loan is repayable in 20 years, including afive-year grace period, and carries an annual interest rate of 7%.