NO. 33


Financial and Banking News

Budgets & Revenues

Arab Aid Commitments Rebound in 1989

Finance commitments signed by Arab aid agencies in 1989 reached the highesttotal for seven years, according to figures released by the Kuwait-based ArabFund for economic and Social Development (AFESD). The Jeddah-based IslamicDevelopment Bank (IDB) remained the biggest lender, although AFESD and theSaudi Fund both showed big increases in commitments. Arab countries received71.8% of...