Source: Visafric
Country: Eritrea
Asmara - US and Eritrea today, Wednesday May 16, signed a loan agreement for $10 million dollars. The agreement between the two countries was signed by US Ambassador William D. Clarke and the Government of Eritrea represented by Dr. Woldai Futur.
The loan will be used to purchase approximately 81,000 metric tons of wheat and sorghum. The loan is being issued with one percent interest rate and a repayment period of 30 years.
The signing ceremony took place at the Denden Club in Asmara.
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