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...
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