VOL. XXXIV

NO. 12/13

24/31-DECEMBER-1990

Financial and Banking News

Aid Flows

KFAED Lends Syria $104mn

The Kuwait Fund for Arab Economic Development (KFAED) is to lend Syria KD30mn($104mn) to help finance a $890mn sanitation project in Damascus, under anagreement signed in Damascus on 20 December by the Kuwaiti Minister of Finance,Shaikh 'Ali Khalifah al-Sabah, and the Syrian Minister of State for Planning,Mr. Sabah Baqjaji. The loan is repayable in 25 years, including a 5-year graceperiod, and...