VOL. XXXII
NO. 46
21-AUGUST-1989
Financial and Banking News
AID FLOWS
KFAED Lends Tunisia $34mn
The Kuwait Fund for Arab Economic Development (KFAED) has agreed to lendTunisia $34mn to be used by the National Corporation of Phosphoric Acids in therehabilitation and modernization of its plant. The loan is repayable over 20years, including of five-year grace period, and carries an annual interest rateof 4%.
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