VOL. XXXII

NO. 17

30-JANUARY-1989

Financial and Banking News

AID FLOWS

KFAED Lends $248mn in 1987/88

The Kuwait Fund for Arab Economic Development (KFAED) made 22 loans worthKD69.7mn ($248.48mn) with a grant element of between 27.5% and 61.4% during its1987/88 fiscal year, according to its 26th annual report. Arab countriesreceived 45.7% of the loans, with 28.6% lent to African countries, 16.7% toAsian countries and 9% to others. 35% of the total lent was allocated toprojects in the transport and...