VOL. XXX
NO. 7
24-NOVEMBER-1986
Financial and Banking News
AID FLOWS
KFAED Lends China $7mn for Ceramics Factory
The Kuwait Fund for Arab Economic Development (KFAED) has agreed to lendChina $7mn to part-finance the establishment of a ceramics factory. The $21mnproject is expected to be completed in 1989. The loan is repayable in 15 years,including a three-year grace period, and carries an annual interest rate of 5%plus 0.5% for administrative costs. So far KFAED has supported eight projects in...
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