VOL. XXXI

NO.44

8-AUGUST-1988

Financial and Banking News

AID FLOWS

AFESD fords $394mn in 1987

The Arab Fund for Economic and Social Development ((AFESD) provided a totalof 18 loans worth KD106.3mn ($393.84mn at an exchange rate of 1KD = $3.705) in1987, according to the latest annual report of the Fund, an increase of 58.9%over 1986 (MEES, 3 August 1987). Some 12 Arab states benefited from the softloans, some 36.7% of which went to the least developed Arab countries (see tablebelow). AFESD also...