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KFAED Lends Benin $8.80mn

Published on Mon, 14 Nov 1988 - Volume: 32 Issue: 06

VOL. XXXII

NO. 6

14-NOVEMBER-1988

Financial and Banking News

AID FLOWS

KFAED Lends Benin $8.80mn

The Kuwait Fund for Arab Economic Development (KFAED) has agreed to lendBenin $8.8mn to help finance the second phase of a village and pastoral supplyprogram sponsored by the West African Economic Community. The loan is repayableover 25 years, including a grace period of five years, and carries an annualinterest rate of 1% plus 0.5% for administrative charges.

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