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...
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