VOL. XXXIV

NO. 12/13

24/31-DECEMBER-1990

Financial and Banking News

Aid Flows

Kuwait and Egypt Sign Loan and Economic Agreements

Kuwait and Egypt signed on 18 December during a visit to Egypt by the KuwaitiMinister of Finance, Shaikh 'Ali Khalifah al-Sabah, economic cooperationagreements which are intended to strengthen relations between the two countries.Under the first agreement, the Kuwait Fund for Arab Economic Development (KFAED)will provide a KD20mn loan ($70mn at the rate prevailing before 2...