Financial and Banking News
AID FLOWS
West Germany Provides soft Loan to Egypt
West Germany has agreed to provide a DM235mn ($137mn) soft loan to Egypt in 1987, according to an agreement signed on 7 August. The loan, to be repaid over 50 years with a ten-year grace period, will be used to finance power stations, textile plants, water stations, and imports of German goods for public sector companies.
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