VOL. XXXNO. 510-NOVEMBER-1986
Financial and Banking News
AID FLOWS
KFAED Lend $37.7mn to Cyprus and Morocco
The Kuwait Fund for Arab Economic Development (KFAED) has agreed to lendCyprus $13.7mn to part-finance the Larnaca-Nicosia highway and theLarnaca-Kophinou road, according to an agreement signed on 5 November. The WorldBank is also providing a loan of $20mn, while the balance of around $40mn isbeing provided by the Cyprus Government. KFAED has also agreed to lend Morocco$24mn to part-finance...
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