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...
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