VOL. XXXII

NO. 40

10-JULY-1989

Financial and Banking News

AID FLOWS

KFAED Lends $60mn to Tunisia and Jordan

The Kuwait Fund for Arab Economic Development (KFAED) agreed last month tolend Tunisia's Societe Industrielle d'Acide Phosphorique et d'Engrais (SIAPE)KD10mn ($34mn) for the renovation of a plant and an improvement plan costing$138mn. The loan is repayable over 20 years, including a five-year grace period,and carries an annual interest rate of 4%. Jordan will receive KD8mn ($26mn) forthe...