VOL. XXXI

NO. 22

7-MARCH-1988

Financial and Banking News

AID FLOWS

KFAED lends $73mn to Six African Countries

The Kuwait Fund for Arab Economic Development (KFAED) has extended $73mn insoft loans to six African countries, as follows: $9mn each to Mauritania, Nigerand Mali for rural water supply projects; $4mn to Equatorial Guinea for therehabilitation of Bata airport; $13mn to Ghana for a rural electrificationproject; and $29mn to Morocco to finance a dam project.