AMF loan for ComorosMarch 27th, 2008 - 4:47 pm ICT by admin
Abu Dhabi, March 27 (IANS) Comoros, the Indian Ocean island country off the eastern coast of Africa, will receive $900,000 from the Arab Monetary Fund (AMF) in loan to redress a deficit in its balance of payments. A loan agreement was signed here Wednesday by Mohammed Ali Saleh, minister of finance, budget and planning in Comoros and Jassim Al Mannai, director general and chairman of the AMF Board, WAM news agency reported.
Comoros had earlier received two loans form the Abu Dhabi based AMF worth $1.7 million.
Tags: abu dhabi, africa, ali saleh, arab monetary fund, balance of payments, comoros, director general, finance budget, indian ocean island, jassim, loan agreement, loans, mannai, minister of finance, mohammed ali, wam news agency