VOL XXXI
NO. 20
22-FEBRUARY-1988
Financial and Banking News
AID FLOWS
KFAED Extends Loans to Cyprus and Djibouti
The Kuwait Fund for Arab Economic Development (KFAED) has agreed to lendCyprus KD4.3mn ($15.64mn) to help finance the $70mn Dhiarigos river project inthe western part of the country, which is due for completion in 1993. The loanis to be repaid in 16 years, including a six year grace period, and carries 5%annual interest. KFAED will also extend $9.37mn to Djibouti to help financeport...
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