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...