VOL. XXXI
NO. 14
11-JANUARY-1988
Financial and Banking News
AID FLOWS
AFESD Lends Iraq $28mn for Agricultural Development
The Arab Fund for Economic and Social Development (AFESD) has agreed to lendIraq KD8mn ($28.5mn) to help finance an afforestation program undertaken bysmall farmers, according to an agreement signed on 4 January. The loan is repayable over 18 years, including a five-year grace period, and carries anannual interest rate of 6%.
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