VOL. XXXII

NO. 4

31-OCTOBER-1988

Financial and Banking News

AID FLOWS

Kuwait Lends Sudan $18mn

The Kuwait Fund for Arab Economic Development (KFAED) has agreed to lendSudan KD5.25mn ($18.4mn) to part-finance a water project in the western al-Fasherregion. The loan for the three-year project is repayable over 26 years, including a grace period of six years, at an annual interest rate of 1% plus an 0.5%service fee.