VOL. XXXII

NO. 41

17-JULY-1989

Financial and Banking News

AID FLOWS

AFESD Lends $356mn in 1988

The Arab Fund for Economic and Social Development (AFESD) provided a total of14 loans worth KD100.75mn ($356.49mn at an exchange rate of 1KD=3.5384) in 1988,according to the latest annual report of the Fund, a decrease of 5.22% from 1987(MEES, 8 August 1988). Nine Arab states benefited from these soft loans (seetable below), while the total cost of the projects financed was around KD227mn,with the Fund's...