VOL. XXXI

NO. 14

11-JANUARY-1988

Financial and Banking News

AID FLOWS

EEC Provides $61.7mn to Egypt, Mauritania and Palestinians in Gaza

The European Community has agreed to lend Egypt $49.5mn to financeagricultural projects, according to an agreement signed in Cairo on 21 December.The European Investment Bank (EIB), the soft-loan arm of the EEC, also agreedlast month to provide a soft loan worth ECU10mn ($12.44mn) to Mauritania for theiron ore enrichment plant at Guelbs. The loan is repayable over...