VOL XXX
NO. 8
1-DECEMBER-1986
Financial andBanking News
AID FLOWS
KFAED Lends North Yemen and Bhutan $19.2mn
The Kuwait Fund for Arab Economic Development (KFAED) has agreed to lendNorth Yemen and Bhutan a total of $19.2mn, according to agreements signed on 25November. North Yemen will receive $15.3mn to help finance the Wadi Sihamagricultural project. The loan is repayable over 30 years, including a five-yeargrace period, and carries a 2% annual interest plus 0.5% for administrativepurposes. me...
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