VOL. XXXII
NO. 24
20-MARCH-1989
Financial and Banking News
AID FLOWS
FESD Lends $106mn to Morocco and Mauritania
The Arab Fund for Economic and Social Development (AFESD) has agreed to lendMorocco KD17mn ($59mn) to part-finance the al-Maruba' dam project on the Saburiver. AFESD has also agreed to provide around $47.5mn worth of soft loans toMauritania to finance projects concerned with rural electrification andhighways, as well as a local agricultural company.
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