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...
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