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.
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