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Opec, USD157m philanthropic loans
- United Arab Emirates: Wednesday, December 22 - 2004 at 09:13
The UAE-chaired Opec Fund for International Development has approved 17 loans worth USD157m to offer credit finance for philanthropic projects in Angola, Armenia, Bosnia, Congo, Jordan, Turkey and Turkmenistan. The loans are for up to 20 years with a five-year grace period and the interest from one to 1.75 per cent.
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Peter J. CooperWednesday, December 22 - 2004 at 09:13 UAE local time (GMT+4)
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