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%.