NO. 32


Financial and Banking News

Loans & Issues

Flow of Loans and Grants Continues in the Middle East

Several important loan and grant agreements were finalized at the beginningof May. Details of the biggest facilities are as follows,

- Kuwait Foreign Trading Contracting and Investment Company (KFTCIC) isarranging a $300mn seven-year loan for Vnesheconombank, the foreign trade bankof the Soviet Union. The bank said that the loan is priced in line with marketconditions,...