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KFAED Lends Vietnam $15mn

Published on Mon, 04 Jan 1988 - Volume: 31 Issue: 13

VOL. XXXI

NO. 13

4-JANUARY-1988

Financial and Banking News

AID FLOWS

KFAED Lends Vietnam $15mn

The Kuwait Fund for Arab Economic Development (KEAED) has agreed to lendVietnam KD4.1mn ($15mn), according to an agreement signed on 23 December. Theloan, to finance 27% of the cost of a flood water project, is repayable over 17years, including a five-year grace period, and carries an annual interest rateof 2.5%.

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