VOL. XXXI

NO. 23

14-MARCH-1988

Financial and Banking News

AID FLOWS

KFAED Lends China $l8.27mn

The Kuwait Fund for Arab Economic Development is to lend China $18.27mn tohelp finance the $66.85mn first stage of the Jinzhoru harbour project, accordingto an agreement signed on 9 March. The loan is repayable in 19 years, including four years of grace.